IATA: COVID-19 puts over half of 2020 airline passenger revenues at risk

The COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019, according to the International Air Transport Association (IATA) updated analysis, released today. On 24 March IATA estimated $252 billion in lost revenues (-44% vs. 2019) in a scenario with severe travel restrictions lasting three months. […]

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