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08 April 2020 The on-line newspaper devoted to the world of transports 18:30 GMT+2

March 25, 2020

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IATA predicts that in 2020 airlines will lose 252 billion dollars in revenue

This is if travel restrictions and the resulting crisis economic for the coronavirus emergency will last three months

In the space of just 19 days, the negative impact forecasts the worldwide spread of the Covid-19 virus on the volume airlines have gone from bad to bad. It's 5 March the International Air Transport Association (IATA) believed that lower revenue for airlines caused health emergency would have been in 2020 among 63 billions and 113 billion dollars, impact-only figures crisis over passenger transport estimates of the effects of pandemic on air freight transport. Yesterday, IATA presented an update of its emergency impact analysis on airline revenue by announcing that this year could be 252 billion dollars lower than the 2019, or fall by -44%. The association has made it clear that this scenario is based on a three-month duration of the restrictions travel and the expected global recession crisis, a period that should be followed by a gradual recovery Economic.

In particular, the association expects that the reduction in revenues will be spread into 88 billion dollars for Asia/Pacific airlines, 76 billion for European airlines, 50 billion for North American carriers, 19 billion for North American carriers Middle East, 15 billion for South American companies and four billions for African airlines.

"The aviation sector - underlined the Director-General IATA CEO Alexandre de Juniac - addresses its most serious crisis. Within a few weeks our previous worst-case scenario looks better than our last Estimates. But without immediate government measures to help the industry will not survive." De Juniac pointed out that, as required in recent days ( 19 March 2020), "Airlines need a liquidity support of 200 billion dollars just for go on, but many more will have to follow."

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