{"id":343403,"date":"2020-03-25T11:59:58","date_gmt":"2020-03-25T06:29:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343403"},"modified":"2020-03-25T11:59:58","modified_gmt":"2020-03-25T06:29:58","slug":"coronavirus-could-cost-airlines-252-billion-revenue-in-2020-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-could-cost-airlines-252-billion-revenue-in-2020-iata\/","title":{"rendered":"Coronavirus could cost airlines $252 billion revenue in 2020: IATA"},"content":{"rendered":"<p>New Delhi: The airline industry is expected to lose upto $252 billion in revenue this year due to the impact of the new coronavirus, airline industry body The International Air Transport Association (IATA) said on Tuesday.<\/p>\n<p>IATA had earlier this month pegged revenue loss for airlines globally this year at upto $113 billion. However, it has now revised its estimates following a global restriction in travel to contain Covid-19 that has claimed thousands of lives.<\/p>\n<p>&#8220;On March 5, we thought that the pessimistic scenario was a revenue loss of $113 billion. That was based on a wide spreading of COVID-19, but not as severe as the current blanket of travel restrictions. If this lasts for a three-month period, we see a 38% fall in global demand and a $252 billion loss of passenger revenue\u201444% down on 2019,&#8221; said IATA&#8217;s director general Alexandre de Juniac at a telephonic media briefing on COVID-19 on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The airline industry is expected to lose upto $252 billion in revenue this year due to the impact of the new coronavirus, airline industry body The International Air Transport Association (IATA) said on Tuesday. IATA had earlier this month pegged revenue loss for airlines globally this year at upto $113 billion. However, it has now revised its estimates following a global restriction in travel to contain Covid-19 that has claimed thousands of lives. &#8220;On March 5, we thought that the pessimistic scenario was a revenue loss of $113 billion. That was based on a wide spreading of COVID-19, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-343403","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343403","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343403"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343403\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}