Joe Bates
The bleak news continues today with S&P Global Ratings agency stating that the coronavirus pandemic is likely to have an unprecedented impact on global air travel, forecasting a 20% to 30% decline in global passengers in 2020.
"According to IATA, previous disease outbreaks have peaked after one to three months and recovered to pre-outbreak levels in six to seven months.
"Because the new coronavirus is more difficult to contain, given the slower development of symptoms and the risk of contagion, we expect a longer path to recovery, as shown below."
