Amid coronavirus pandemic, global airlines body IATA said on Tuesday that the airlines would face USD 252 billion-loss of passenger revenue in 2020, which would be 44 per cent lower than 2019 figures.
“On March 5, we thought that the pessimistic scenario was a revenue loss of USD 113 billion. That was based on wide spreading of COVID-19, but not as severe as the current blanket of travel restrictions,” said Alexandre De Juniac, Director General, International Air Transport Association (IATA).
He told reporters in a conference call that “if this lasts for a three-month period, we see a 38 per cent fall in global demand and a USD 252 billion loss of passenger revenue—44 per cent down on 2019”.
International Air Transport Association (IATA) represents around 290 airlines comprising 82 per cent of the global air traffic.
