 "Airlines")
Airline passenger revenues are set to plunge by 55 per cent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association (IATA) said on Tuesday.
It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 per cent, or $252 billion.
"The industry's outlook grows darker by the day," said IATA chief executive Alexandre de Juniac.
"The scale of the crisis makes a sharp V-shaped recovery unlikely. Realistically, it will be a U-shaped recovery with domestic travel coming back faster than the international market.
