IATA predicts 55% fall in airline revenues due to Covid 19

The International Air Transport Association (IATA) released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019. On 24 March IATA estimated $252 billion in lost revenues  – 44% lower than  2019 – in a scenario with severe travel restrictions lasting three months. The updated figures reflect a significant deepening of the crisis since then, and reflect the following parameters; severe domestic restrictions lasting three months,  some restrictions on international travel extending beyond the initial three months and a  worldwide severe impact, including Africa and Latin America (which had a small