Global airlines could lose as much as $113b

Industry body revises estimates of passenger revenue loss from $29.3b

Last updated: March 05, 2020 | 14:00

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File picture of a SriLankan Airlines' 'mercy flight' to bring back students from Wuhan city of China. The global airline industry is staring at a possible $113 billion loss in combined revenues this year,

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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.

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