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Coronavirus outbreak to cost airlines almost $30 billion

02/21/2020| 6:18:22 PM|

In total, airlines in the Asia Pacific region are set to see a $27.8 billion revenue loss in 2020.

Airlines stand to lose $29.3 billion (£23.7 billion) of revenue this year due to the coronavirus outbreak, the global airline industry body has warned.

The International Air Transport Association (IATA) predicts demand for air travel will fall for the first time in more than a decade.

Airlines in China and other parts of the Asia Pacific region are expected to take the vast majority of the impact.

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TAGS: IATA | Asia Pacific | coronvirus
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