Exclusive: Largest airline trade association to reduce workforce 20%

A big gray plane getting loaded with cargo pallets from side door with hydraulic lift on a sunny day.

Reflecting the financial distress of its airline members in the midst of the coronavirus pandemic, the International Air Transport Association is planning to reduce its worldwide staff by a fifth, a source at the trade association said.

IATA represents nearly 300 airlines operating scheduled and non-scheduled air service.

Airlines around the world are expected to lose $84 billion in 2020 and are slashing hundreds of thousands of people from payrolls. Airlines have made radical cuts to...

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