mo4ch:>Flybe's collapse could be 'first of many' airlines

Flybe's collapse could be 'first of many' airlinesBy Justin HarperBusiness reporter 6 March 2020 Related TopicsCoronavirus outbreak Image copyrightGetty ImagesThe failure of Europe's biggest regional airline Flybe could be the start of more casualties, analysts predict.On Thursday, a global airline industry body warned the financial hit from coronavirus could reach $113bn (£87bn) this year.The bleak prediction came on the same day UK-based Flybe went into administration.Airline experts are forecasting more failures as passengers cancel flights.Airlines warn of coronavirus bookings hitFuture of Flybe routes hangs in the balanceCoronavirus: Gulf states suspend more flightsFlybe's collapse "will likely be the first of many in 2020," said James Goodall, transport analyst at Redburn. "We expect that the demand destruction caused by Covid-19 accelerated its demise and we believe further airline bankruptcies should be expected in the coming months." Airlin…