Anurag Kotoky

Air traffic in the Asia Pacific is set to plunge 24% in the first three months of this year because of the coronavirus’s impact on travel, erasing $3 billion in revenue for the region’s airports, a regional industry group said.

Publicly-listed airport service providers in Asia have slumped more than 12% this year, data compiled by Bloomberg show, while the International Air Transport Association warned of revenue losses of as much as $113 billion for airlines globally in 2020.

Bloomberg

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