Airlines facing serious demand slump, warns IATA
NEW DELHI : Airline industry lobby group the International Air Transport Association (IATA) on Tuesday warned that the coronavirus crisis has dealt a severe blow to air traffic and that carriers are facing a serious decline in demand.
The coronavirus threat comes amid an economic slowdown in India which has already affected the capacity utilisation of domestic carriers. Barring Vistara, all domestic carriers have seen a decline in their passenger load factor in January compared to December 2019. India on Monday reported the first case of coronavirus in the national capital.
As the fears of the virus becoming a pandemic are increasing, several companies globally are restricting business travel of employees, which is impacting the aviation industry.
