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