GENEVA : The International Air Transport Association (IATA) has updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry.
Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet 252 billion dollars or 44 per cent below 2019’s figure.
This is in a scenario in which severe travel restrictions last for up to three months followed by a gradual economic recovery later this year.
