PARIS/LONDON (Reuters) – Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry’s representative body IATA, which raised its estimate from the $252 billion figure given on March 24.
The $314 billion represents a 55% fall in passenger revenues compared to the previous year, on air traffic which is seen being 48% lower, said the International Air Transport Association in a weekly online news conference on Tuesday.
(Reporting by Laurence Frost, Tim Hepher and Sarah Young; Editing by Kirsten Donovan)
