The Guardian - Gwyn Topham

Industry body says latest assessment is three times worse than ‘worst-case scenario’ just five weeks ago

Global airline revenues are now forecast to drop by more than half – $314bn (£249bn) – in 2020, as the industry warned that its “outlook grows darker by the day”.

The International Air Transport Association’s (Iata) latest estimate adds a further $62bn of lost revenue from its previous assessment in late March and is almost three times worse than its “worst-case scenario” from five weeks ago, with around 95% of international passenger traffic now lost due to travel restrictions....more

 

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