The world’s airlines will lose this year about $ 314 billion

The world’s airlines will record a drop in revenue from passenger transport estimated at $ 314 billion over the course of this year, implying a 55% decrease in total billing volume compared to 2019, according to the latest estimate released by the International Air Transport Association (IATA).

The body, which brings together all sectors linked to the global aviation industry, had estimated in an analysis carried out as of March 24, a loss of revenue of 252,000 million, 44 less than in 2019, in a scenario with severe restrictions travel lasting three months.

The new calculation comes after the severe worldwide impact of the coronavirus pandemic.

In this context, the demand for year-round tickets (national and international) is expected to drop by 48% compared to 2019.

“The outlook for the industry grows darker every day. The magnitude of the crisis makes a sharp V-shaped recovery unlikely. Realistically, it will be a U-shaped recovery with domestic travel returning faster than the international market “, explained Alexandre de Juniac, CEO and CEO of IATA.

Written by Argentina News

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