Airlines to lose by up to $113 billion in 2020 due to coronavirus: IATA

The International Air Transport Association said airlines will lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020. (AFP)

SINGAPORE: Airlines will lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, International Air Transport Association (IATA) said on Thursday.
IATA on Feb. 20 estimated the outbreak would cost carriers $29.3 billion in revenue.