Paris-London-Sana
The International Air Transport Association (IATA) expected today that international airlines will lose $ 314 billion in revenue due to the Corona virus pandemic this year, up from its previous estimate in March that losses would be $ 252 billion.
"The value of the expected loss represents a 55 percent decrease in passenger service revenue compared to the previous year's revenue based on air traffic, which is expected to decrease 48 percent," Reuters quoted Etihad as saying during a weekly online news conference.
"IATA" suggested that the revenue of the air transport sector for passengers declined during the current year by 40 percent compared to last year, and airlines, in the opinion of the union, will need cash support amounting to 200 billion dollars to overcome this crisis, which made it cancel most or all of its flights and lay off hundreds of employees in it because of the decline Demand and restrictions on travel and transportation as part of attempts to contain the Coronavirus.
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