Friday, February 21, 2020

IATA warns of $27.8 billion revenue loss in 2020 for carriers in APAC as COVID-19 strikes

IATA warns of $27.8 billion revenue loss in 2020 for carriers in APAC as COVID-19 strikes Aviation

Feb 21, 2020: The Novel Coronavirus 2019 outbreak (COVID-19) showed a potential 13 percent full-year loss of passenger demand for carriers in the Asia-Pacific region, revealed The International Air Transport Association (IATA) in its initial assessment of the impact of the epidemic.Considering that growth for the region’s airlines was forecast to be 4.8 percent, the net impact will be an 8.2 percent full-year contrac

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