Independent journal on economy and transport policy
13:40 GMT+1
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IATA predicts that in 2020 airlines will lose 252 billion dollars in revenue
This is if travel restrictions and the resulting economic crisis for the coronavirus emergency will last three months
March 25, 2020
In particular, the association expects that the reduction in revenues will be spread into 88 billion dollars for Asia/Pacific airlines, 76 billion for European airlines, 50 billion for North American carriers, 19 billion for North American carriers Middle East, 15 billion for South American companies and four billions for African airlines.
"The aviation sector - underlined the Director-General IATA CEO Alexandre de Juniac - addresses its most serious crisis. Within a few weeks our previous worst-case scenario looks better than our last Estimates. But without immediate government measures to help the industry will not survive." De Juniac pointed out that, as required in recent days (19 March 2020), "Airlines need a liquidity support of 200 billion dollars just for go on, but many more will have to follow."
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In particular, the association expects that the reduction in revenues will be spread into 88 billion dollars for Asia/Pacific airlines, 76 billion for European airlines, 50 billion for North American carriers, 19 billion for North American carriers Middle East, 15 billion for South American companies and four billions for African airlines.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
