LONDON, April 14 — Estimated global airline losses from the coronavirus pandemic have climbed to US$314 billion, 25 per cent more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes. The latest forecast...
Tuesday, 14 Apr 2020 09:54 PM MYT
LONDON, April 14 — Estimated global airline losses from the coronavirus pandemic have climbed to US$314 billion, 25 per cent more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes. Traffic measured in revenue passenger kilometres is forecast to be 48 per cent down this year, compared with the previously forecast 38 per cent decline, industry body IATA said at a weekly online news conference today.
IATA has urged governments to provide airlines with liquidity urgently to help them to survive the crisis, warning that many will go bust within weeks unless they receive help.
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