The International Air Transport Association (IATA) updated its analysis of the financial impact of the novel coronavirus (COVID-19) on 2020 global revenue losses for the passenger business to between $63 billion to $113 billion – a significant increase on its initial $29.3 billion estimate. IATAs figures are based on estimates of a scenario where COVID-19 is contained in current markets with over 100 cases as of 2 March ($63 billions) and with the higher figure including a broader spread of the virus. No estimates are yet available for the impact on cargo operations. IATA’s previous analysis (issued on 20 February

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