Despite recent events, the outlook for the aviation industry is still mostly positive.

IATA projects the industry could lose up to $113 billion in revenues in 2020 if the coronavirus spreads further.

Aircraft manufacturers and suppliers widely expect the COVID-19 coronavirus crisis to result in a short, sharp shock to the air transport sector, but nothing disruptive yet to their business models, according to comments made during the U.S. Chamber of Commerce’s 2020 Aviation Summit.

The Chinese government said it will pay subsidies to support international air connections, as local airlines planned further restoration in domestic capacity.

Southwest Airlines is projecting a $200-300 million first-quarter operating-revenue shortfall due to a sudden dip in bookings that the airline is linking to COVID-19.

The Lunar and Planetary Science Conference scheduled for March 16-20 has been canceled due to concerns over the coronavirus.

As air transport demand continues to drop as COVID-19 coronavirus infections have begun to cluster beyond the Asia-Pacific region, IATA has widened its estimates on revenue losses for the airline industry.

Following the insolvency of Flybe, Routes analyses the potential impact of the regional carrier’s demise on the UK and wider European market.