Asia-Pacific Airline Revenues Predicted To Fall Off Cliff
February 26, 2020The air transport industry is in the middle of the deepest crisis in decades, deeper than what it experienced during the fallout of the Severe Acute Respiratory Syndrome (SARS) outbreak in 2003 and 2004. Partially hampered in its ability to grow by the grounding of the Boeing 737 MAX fleet since March 2019, then bruised by a U.S. policy-induced slump in global trade, and now, getting hit by the COVID-19 coronavirus outbreak, Asia-Pacific airline revenues are now predicted to fall off a cliff.