The International Air Transport Association (IATA) has estimated that the airlines could lose $84.3bn this year.
IATA also expects the revenues to drop by 50% to $419bn in 2020 compared with $838bn last year. Meanwhile, losses are expected to reduce to $15.8bn in 2021 with revenues increasing to $598bn.
Passenger revenues are expected to decline to $241bn from $612bn in 2019...more
