Global airline hit from coronavirus rises to $314bn, says IATA

Reuters
Aircraft of Air France Airlines are seen on the tarmac at Paris Charles de Gaulle airport in Roissy-en-France. March 24, 2020. (Reuters/File Photo)
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  • The $314 billion represents a 55% fall in passenger revenues

PARIS/LONDON: 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% fall in passenger revenues 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.

Topics: business economy aviation Coronavirus