{"id":346784,"date":"2020-04-15T11:19:19","date_gmt":"2020-04-15T05:49:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346784"},"modified":"2020-04-15T11:19:19","modified_gmt":"2020-04-15T05:49:19","slug":"airline-revenues-to-nosedive-by-55-in-2020-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airline-revenues-to-nosedive-by-55-in-2020-iata\/","title":{"rendered":"Airline revenues to nosedive by 55% in 2020: IATA"},"content":{"rendered":"<p>Airline passenger revenues are set to plunge by 55%, or USD 314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association 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 USD252 billion.<\/p>\n<p>&#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 international market.<\/p>\n<p>&#8220;Without urgent relief, many airlines will not survive to lead the economic recovery.&#8221; As of early April, the number of flights worldwide was down by 80 per cent compared to the same period in 2019, said IATA, which brings together 290 airlines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airline passenger revenues are set to plunge by 55%, or USD 314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association 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 USD252 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 international market. [&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-346784","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\/346784","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=346784"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346784\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}