The International Air Transport Association (IATA) welcomed the support of those governments around the world that have provided financial relief to airlines and urged other governments to follow suit before more damage is done.

According to IATA’s latest analysis, released today, annual passenger revenues will fall by $252 billion if severe travel restrictions remain in place for three months. That represents a 44% decline compared to 2019. This is well-over double IATA’s previous analysis of a $113 billion revenue hit that was made before countries around the world introduced sweeping travel restrictions. 

IATA

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