“Airlines could lose up to $113 billion in passenger revenue…”
March 5, 2020
“Airlines could lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, International Air Transport Association (IATA) said on Thursday.
The last time the industry faced a revenue shock of this magnitude was in 2009 during the global financial crisis, IATA Chief Economist Brian Pearce said at a media briefing in Singapore…”
https://www.cnbc.com/2020/03/05/coronavirus-iata-warns-passenger-revenue-could-fall.html