> "The key element for us is to avoid running out of cash so refunding the canceled ticket for us is almost unbearable financially speaking," IATA Director Gene

> "The key element for us is to avoid running out of cash so refunding the canceled ticket for us is almost unbearable financially speaking," IATA Director General Alexandre De Juniac said. I think he just said that it's too financially risky for a consumer to book a flight, lest they be forced to have their ticket converted to an unsecured loan, "secured" with something that they didn't want (a flight next year) that may expire anyway. They're selling you a gift card. I'm surprised that people are still flying in closed up metal tubes during this pandemic. If anything the airlines should be giving discounts to lure consumers, and even that is morally questionable. Flights at this point should be freight or emergency only, for national medical needs and repatriation.