Global airlines could lose as much as $113b
Industry body revises estimates of passenger revenue loss from $29.3b
Image Credit: Gulf News Archive
Singapore: Airlines will lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, International Air Transport Association (IATA) has said.
IATA had as recently as February 20 estimated the outbreak would cost carriers $29.3 billion in revenue.