Asia-Pac airlines set for $113 COVID 19 revenue loss says IATA 

The latest estimates from the International Air Transport Association (IATA) indicate Airlines in Asia Pacific will see the largest revenue drop of US$113 billion in 2020 compared to 2019, up from  minus US$88 billion in the group’s March 24 estimate. IATA said this was accompanied by a 50% fall in passenger demand in 2020 compared to 2019, against minus -37% in the March prediction. The updated estimates are based on a scenario of severe travel restrictions lasting for three months, with a gradual lifting of restrictions in domestic markets, followed by regional and intercontinental. “The situation is deteriorating. Airlines are in