Global airline hit from coronavirus rises to $314 billion: IATA
Global Economy
14 April, 2020, 06:45 pm
Last modified: 14 April, 2020, 06:53 pm
The $314 billion represents a 55 percent fall in passenger revenues compared to the previous year
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, US March 25, 2020. REUTERS/Elijah Nouvelage
Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry's representative body IATA, which raised its estimate from the $252 billion figure given on March 24.
The $314 billion represents a 55 percent fall in passenger revenues compared to the previous year, on air traffic which is seen being 48 percent lower, said the International Air Transport Association in a weekly online news conference on Tuesday.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.