Global carriers revenue shortfall could touch $113 Billion: IATA

On Thursday, in a statement the International Air Transport Association (IATA) stated, global airlines are likely to lose revenues in the range of $63 billion to $113 billion in 2020 due to loss of passenger traffic, depending on how the coronavirus spreads.

On February 20, the IATA had estimated the outbreak would cost global carriers $29.3 billion in revenue.

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