IATA
IATA now estimates airline industry will take $252b hit in 2020 (vs previous $113b), representing 44% decline compared to 2019; year-over-year global capacity is to fall 65% in 2Q20/38% in 2020 based on three months of severe travel restrictions.
Subscription Required
IATA is part of our SpeedNews subscription.
Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.
Already a subscriber to SpeedNews or a content package that includes SpeedNews? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.