{"id":338502,"date":"2020-02-21T12:19:21","date_gmt":"2020-02-21T06:49:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338502"},"modified":"2020-02-21T12:19:21","modified_gmt":"2020-02-21T06:49:21","slug":"asia-pacific-carriers-to-lose-27-8-billion-revenue-due-to-coronavirus-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/asia-pacific-carriers-to-lose-27-8-billion-revenue-due-to-coronavirus-iata\/","title":{"rendered":"Asia Pacific carriers to lose $27.8 billion revenue due to coronavirus: IATA"},"content":{"rendered":"<p>MUMBAI: Global body International Air Transport Association (IATA) on Thursday said it assesses carriers in the Asia Pacific to incur a revenue loss of $27.8 billion, while global carriers will lose $29.3 billion in 2020 as an impact of the Novel Coronavirus outbreak.<\/p>\n<p>The impact shows a potential 13% full-year loss of passenger demand for carriers in the Asia-Pacific region.<\/p>\n<p>\u201cConsidering that growth for the region\u2019s airlines was forecast to be 4.8%, the net impact will be an 8.2% full-year contraction compared to 2019 demand levels. In this scenario, that would translate into a $27.8 billion revenue loss in 2020 for carriers in the Asia-Pacific region\u2014the bulk of which would be borne by carriers registered in China, with $12.8 billion lost in the China domestic market alone,\u201d it said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Global body International Air Transport Association (IATA) on Thursday said it assesses carriers in the Asia Pacific to incur a revenue loss of $27.8 billion, while global carriers will lose $29.3 billion in 2020 as an impact of the Novel Coronavirus outbreak. The impact shows a potential 13% full-year loss of passenger demand for carriers in the Asia-Pacific region. \u201cConsidering that growth for the region\u2019s airlines was forecast to be 4.8%, the net impact will be an 8.2% full-year contraction compared to 2019 demand levels. In this scenario, that would translate into a $27.8 billion revenue loss in 2020 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-338502","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338502","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=338502"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338502\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}