‘Tough year for airlines’: Global air traffic could fall for 1st time since 2003 due to coronavirus ...News

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‘Tough year for airlines’: Global air traffic could fall for 1st time since 2003 due to coronavirus
source : Russia Today ( News ) () 98
The International Air Transport Authority (IATA) has warned that declining travel demand amid the Covid-19 virus outbreak could cost global carriers tens of billions of dollars in lost revenue. The IATA’s forecast assumes that the outbreak will remain mostly in China, which means airlines in Asia will be hit the hardest and could lose nearly $28 billion in revenue this year. Carriers outside the region are likely to suffer a smaller sales hit of $1.5 billion. What is the estimated impact of #COVID19? In a SARS-shaped scenario,????Asia-Pacific carriers: 13% full-year loss of pax demand & $27.8 bn revenue loss in 2020????Globally:

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