WORLD Virus could cost airlines $113 bn revenue in 2020: IATA

WORLD

Virus could cost airlines $113 bn revenue in 2020: IATA

AFP

18:04, March 05, 2020

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File photo: CGTN

The airline industry could lose up to $113 billion in revenue this year due to the impact of the new coronavirus, an industry body warned Thursday, as the epidemic spreads rapidly worldwide.

"The turn of events as a result of COVID-19 is almost without precedent," said Alexandre de Juniac, head of the International Air Transport Association (IATA), following a meeting in Singapore. 

"In little over two months, the industry's prospects in much of the world have taken a dramatic turn for the worse."

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