Home Economy COVID-19 Crisis To Cut Airline Revenues By 60% In 2020: Aviation Body

COVID-19 Crisis To Cut Airline Revenues By 60% In 2020: Aviation Body

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Airline income this yr will plunge 60 % because of the coronavirus pandemic which threatens the survival of the trade, the International Air Transport Association (IATA) mentioned Tuesday, November 24. “The Covid-19 crisis threatens the survival of the air transport industry,” with 2020 prone to go down in historical past as its “worst” yr ever, IATA mentioned.

It mentioned that whereas airways have been slashing prices by $1 billion a day, grounding fleets and chopping jobs, they’re nonetheless racking up enormous and ‘unprecedented’ losses.



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