IATA warns airline 2020 passenger revenue could fall by up to $113 billion

FAN Editor 5 years ago
An airplane prepares to land at Cointrin airport in Geneva
FILE PHOTO: An airplane prepares to land at Cointrin airport in Geneva, Switzerland December 5, 2017. REUTERS/Pierre Albouy

March 5, 2020

SINGAPORE (Reuters) – 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.

(Reporting by Aradhana Aravindan in Singapore and Jamie Freed in Sydney; Editing by Alexander Smith)

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