Global airline hit from coronavirus rises to $314 billion

• Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020.
• This is 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% fall in passenger revenues.
• This is compared to the previous year, on air traffic which is seen being 48% lower, said the International Air Transport Association in a weekly online news conference on Tuesday.

Source: Reuters

 

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