AIRLINE BUSINESS TO TAKE A HIT OF 27 BILLION DOLLARS

Highlights

• Demand for air travel will drop for the first time in more than a decade due to coronavirus
• Asia Pacific region airlines are expected to observe a revenue loss of $27.8bn in 2020
• IATA forecasts that airlines in China are set to lose revenue of $12.8bn in their domestic market.

According to The International Air Transport Association (IATA) forecasts demand fo....