Airline revenues to nosedive by 55% in 2020: IATA
Airline passenger revenues are set to plunge by 55 percent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association said Tuesday.
It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 percent, or $252 billion.
(With input from AFP)
Copyright © 2020 CGTN. Beijing ICP prepared NO.16065310-3