IATA Forecasts Almost $30B COVID-19 Revenue Hit On Airlines
Credit: Hong Kong International Airport / Twitter
NEW YORK—Airlines around the world will likely see demand for flights down by 4.7% this year and a $29.3 billion revenue hit because of the COVID-19 viral outbreak, IATA said Feb. 20. If the 4.7% in demand is realized, it would eliminate the industry’s overall growth of 4.1% that IATA forecast last...
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