Coronavirus outbreak could cost world's airlines up to $314bn
by Gwyn Topham Transport correspondent from Economics | The Guardian on (#524N2)
Industry body says latest assessment is three times worse than 'worst-case scenario' just five weeks ago
Global airline revenues are now forecast to drop by more than half - $314bn (249bn) - in 2020, as the industry warned that its "outlook grows darker by the day".
The International Air Transport Association's (Iata) latest estimate adds a further $62bn of lost revenue from its previous assessment in late March and is almost three times worse than its "worst-case scenario" from five weeks ago, with around 95% of international passenger traffic now lost due to travel restrictions.
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