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.
