The unprecedented collapse of airline traffic across the world has left many carriers on the brink of bankruptcy. Parking lots of commercial jets are scattered across the globe as carriers reduce flights amid travel restrictions due to the COVID-19 pandemic. 

Carriers are under severe financial pain, learning how to survive with much of their fleets grounded, reported The Wall Street Journal. In the US, airlines have applied for $25 billion in government funds. The problem is that the bailout might not be able to float the industry for the next several months as consumers will stay away from flying for the time being. 

"Nobody's traveling in the next 30 or 60 days," said Vasu Raja, American Airlines Group Inc.'s senior vice president for network strategy. "But nobody is really making any plans to go travel in the next 90 to 150 days, either."