{"id":338422,"date":"2020-02-21T10:16:37","date_gmt":"2020-02-21T04:46:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338422"},"modified":"2020-02-21T10:34:56","modified_gmt":"2020-02-21T05:04:56","slug":"coronavirus-air-traffic-may-fall-13-in-asia-pacific-region-says-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-air-traffic-may-fall-13-in-asia-pacific-region-says-iata\/","title":{"rendered":"Coronavirus: Air traffic may fall 13% in Asia-Pacific region, says IATA"},"content":{"rendered":"<p>Coronavirus (COVID-19) is expected to cause a 13 per cent full-year loss of passenger demand for carriers in the Asia-Pacific region, the International Air Transport Association (IATA) said on Thursday. <\/p>\n<p>According to IATA, considering that growth for the region&#8217;s airlines was forecast to be 4.8 per cent, the net impact will be an 8.2 per cent full-year contraction compared to 2019 demand levels. <\/p>\n<p>&#8220;In this scenario, that would translate into a $27.8 billion revenue loss in 2020 for carriers in the Asia-Pacific region &#8211; the bulk of which would be borne by carriers registered in China, with $12.8 billion lost in the China domestic market alone,&#8221; IATA said in a statement. <\/p>\n<p>&#8220;In the same scenario, carriers outside Asia-Pacific are forecast to bear a revenue loss of $1.5 billion, assuming the loss of demand is limited to markets linked to China.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coronavirus (COVID-19) is expected to cause a 13 per cent full-year loss of passenger demand for carriers in the Asia-Pacific region, the International Air Transport Association (IATA) said on Thursday. According to IATA, considering that growth for the region&#8217;s airlines was forecast to be 4.8 per cent, the net impact will be an 8.2 per cent full-year contraction compared to 2019 demand levels. &#8220;In this scenario, that would translate into a $27.8 billion revenue loss in 2020 for carriers in the Asia-Pacific region &#8211; the bulk of which would be borne by carriers registered in China, with $12.8 billion lost [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-338422","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=338422"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338422\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}