Coronavirus may slash $29 billion from airlines’ revenue: IATA

Coronavirus may slash $29 billion from airlines’ revenue: IATA

The impact of coronavirus outbreak on demand will cost airlines globally more than $29b— mostly in the Asia-Pacific, the International Air Transport Association estimated. IATA said that the virus has the potential for causing a 13% decline in demand for Asian carriers. Global air traffic will be reduced by 4.7% for the year, marking the first decline since the financial crisis of 2008 and 2009.

Sandra
Sandra
John Wilson
John Wilson 1 months

how much will the pandemic cost? pay some now or a lot later. they think short term.

IvoryDove
IvoryDove 1 months

If it turns out that the COVID-19 was accidentally released from containment in the WCDC lab due to an error in the containment protocol, shouldn't China be responsible for the cost to the world economy? If you want to play with Frankenstein's monster, you should be responsible for the damage he does.

Marcus Rogers
Marcus Rogers 1 months

Viral pandemic, bad for people, good for the environment.

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