COVID-19 outbreak: Global Airlines in critical economic situation

New Delhi, Apr 24 (ANI): Amid coronavirus outbreak, the International Air Transport Association (IATA) indicated worsening impact in Asia Pacific region. IATA released analysis showing that COVID-19 crisis will lead to drop in global airline passenger revenues by US dollar 314 billion in 2020 which is 55 percent declined, if compared to 2019. Airlines in Asia Pacific will see the largest revenue drop of US dollar 113 billion in 2020 compared to 2019. The estimates are based on scenario of severe travel restrictions lasting for three months all over the world. A total of 2.71 million positive cases of coronavirus cases have been reported worldwide so far.