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IATA Analysis Shows COVID-19 Putting Half of Passenger Revenues at Risk

The International Air Transport Association (IATA) has released updated analysis that shows the COVID-19 crisis will cause airline passenger revenues to drop by $314 billion in 2020, a 55 per cent decline when compared to 2019.

Previously, IATA estimated a $252 billion loss in revenues (a fall of 44 per cent when compared to 2019) in a scenario with severe travel restrictions lasting for three months. 

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