{"id":343401,"date":"2020-03-25T11:22:40","date_gmt":"2020-03-25T05:52:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343401"},"modified":"2020-03-25T11:59:34","modified_gmt":"2020-03-25T06:29:34","slug":"global-airline-industry-to-lose-252-billion-in-2020-due-to-coronavirus-pandemic-iata-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-airline-industry-to-lose-252-billion-in-2020-due-to-coronavirus-pandemic-iata-2\/","title":{"rendered":"Global airline industry to lose $252 billion in 2020 due to coronavirus pandemic: IATA"},"content":{"rendered":"<p>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.<\/p>\n<p>&#8220;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,&#8221; said Alexandre De Juniac, Director General, International Air Transport Association (IATA).<\/p>\n<p>He told reporters in a conference call that &#8220;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\u201444 per cent down on 2019&#8221;.<\/p>\n<p>International Air Transport Association (IATA) represents around 290 airlines comprising 82 per cent of the global air traffic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. &#8220;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,&#8221; said Alexandre De Juniac, Director General, International Air Transport Association (IATA). He told reporters in a conference call that &#8220;if this lasts for a three-month period, we see a 38 per [&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":[212,130,144],"tags":[],"class_list":["post-343401","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343401","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=343401"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343401\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}