Asian airlines are expected to see an 8.2% contraction in demand during 2020, according to an IATA analysis on the impact of coronavirus.
In fact, IATA said the impact would be 13% lower than 2019, but that with the growth forecast for 2020 was 4.8% – before the virus hit.
That translates into a $27.8bn loss this year for Asia Pacific carriers, with Chinese airlines bearing the brunt, losing $12.8bn in the …
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Source: The Loadstar