Singapore: The airline industry could lose up to $113 billion in revenue this year due to the impact of the new coronavirus, an industry body warned Thursday, as the epidemic spreads rapidly worldwide.
The International Air Transport Association (IATA) estimated revenue losses to airlines’ passenger business of between $63 billion and $113 billion — with the higher figure for a scenario where the virus spreads more widely.
The more dire prediction amounts to a 19% loss in worldwide passenger revenues, IATA said.
