The International Air Transport Association (IATA) estimates that airline revenues, subject to restrictions for three months, could fall by $ 252bn in 2020.
Through strict travel restrictions and the expected global recession in the global economy, IATA predicts that revenue from passenger transportation in 2020 could fall by $ 252 billion, or 44% compared with last year.
This scenario can be realized if travel restrictions between countries are kept for up to three months. After which the economy will begin to recover.
In a previous analysis dated March 5, 2020, IATA predicted a revenue decline of 113 billion. Thus, the association more than doubled its estimate of losses.
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