Asia-Pacific airlines could lose USD 27.8 bn to coronavirus: IATA
Airlines operating in the Asia-Pacific region stand to lose a combined USD 27.8 billion of revenue this year in the ongoing coronavirus crisis, the International Air Transport Association said on Thursday.
The estimate is based on projections of a 13-percent full-year decline in passenger demand, mostly in China, the trade body said.
"This will be a very tough year for airlines," IATA CEO Alexandre de Juniac said in a statement. "Stopping the spread of the virus is the top priority."
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