Coronavirus could cost airlines $113B in lost revenue, warns IATA

Coronavirus could cost airlines $113B in lost revenue, warns IATA

As per IATA, airlines could lose between $63 billion and $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads. The association said the $63 billion figure is for a scenario where the disease is contained in current markets, and followed by a v-shaped recovery. The $113 billion estimate is for a scenario with a broader spreading of the disease.

Kathy
Kathy
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