{"id":346739,"date":"2020-04-15T10:02:58","date_gmt":"2020-04-15T04:32:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346739"},"modified":"2020-04-15T10:25:26","modified_gmt":"2020-04-15T04:55:26","slug":"covid-19-impact-airlines-revenues-set-to-dip-by-55-in-2020-says-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-impact-airlines-revenues-set-to-dip-by-55-in-2020-says-iata\/","title":{"rendered":"Covid-19 impact: Airlines&#8217; revenues set to dip by 55% in 2020, says IATA"},"content":{"rendered":"<p>Airline passenger revenues are set to plunge by 55 per cent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association (IATA) said on Tuesday.<\/p>\n<p>It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 per cent, or $252 billion.<\/p>\n<p>&#8220;The industry&#8217;s outlook grows darker by the day,&#8221; said IATA chief executive Alexandre de Juniac.<\/p>\n<p>&#8220;The scale of the crisis makes a sharp V-shaped recovery unlikely. Realistically, it will be a U-shaped recovery with domestic travel coming back faster than the international market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airline passenger revenues are set to plunge by 55 per cent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association (IATA) said on Tuesday. It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 per cent, or $252 billion. &#8220;The industry&#8217;s outlook grows darker by the day,&#8221; said IATA chief executive Alexandre de Juniac. &#8220;The scale of the crisis makes a sharp V-shaped recovery unlikely. Realistically, it will be a U-shaped recovery with domestic travel coming back faster than the [&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-346739","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\/346739","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=346739"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346739\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}