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COVID-19 may put $29 billion revenue hole in airlines' revenue: IATA

Updated : February 21, 2020 04:15 PM IST

The trade group for global airlines said Thursday that the virus causing COVID-19 has the potential for causing a 13 percent decline in demand for Asian carriers this year.
Global air traffic will be reduced by 4.7 percent for the year, marking the first overall decline in such demand since the financial crisis of 2008 and 2009.
The virus, which began in China late last year, has sickened more than 75,000 people in China and some 2,000 people have died in China.
COVID-19 may put $29 billion revenue hole in airlines' revenue: IATA

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