Global airlines may lose up to US$113bil in revenue


IATA CEO Alexandre de Juniac speaks during Qatar aviation conference, in Doha, Qatar, yesterday. - Reuters

PETALING JAYA: The International Air Transport Association (Iata) has warned that airlines could lose US$63bil to US$113bil in revenue for passenger traffic this year as coronavirus (Covid-19) spreads globally.

This forecast came just hours after British-Flybe collapsed.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read