Global airline losses may hit $250 b in 2020: IATA

The International Air Cargo Association (TIACA) urged policymakers to exclude freight movement from any restrictions to the need to preserve its continued existence and viability. Air freight is important in the ongoing Covid-19 pandemic crisis for the shipment of fuel, vital needs and health-related goods. The world economy still requires air freight for companies and manufacturers to start providing.

Global airline losses may hit $250 b in 2020: IATA

In 2020, the expected revenue loss for the global airline industry is estimated to be about $250 billion, up from an earlier forecast of $113 billion, announced Tuesday by the International Air Transport Association (IATA).

The sharp rise in loss projections comes as rising numbers of countries close their borders to global airlines.

src : thehindubusinessline

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