IATA: Airlines could lose up to $113 bln in passenger revenue due to coronavirus

Airlines could lose 63 to 113 billion U.S. dollars in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, International Air Transport Association (IATA) said on Thursday.

The last time the industry faced a revenue shock of this magnitude was in 2009 during the global financial crisis, IATA Chief Economist Brian Pearce said at a media briefing in Singapore.

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