March 5, 2020 / 9:44 AM / a month ago

BRIEF-IATA Updates Analysis Of Financial Impact Of Coronavirus On Its 2020 Revenues

March 5 (Reuters) - IATA:

* NOW SEES 2020 GLOBAL REVENUE LOSSES FOR PASSENGER BUSINESS OF AT LEAST $63 BILLION (IN A SCENARIO WHERE COVID-19 IS CONTAINED IN CURRENT MARKETS WITH OVER 100 CASES AS OF 2 MARCH)

* SEES 2020 GLOBAL REVENUE LOSSES FOR PASSENGER BUSINESS OF UP TO $113 BILLION (IN A SCENARIO WITH A BROADER SPREADING OF COVID-19). NO ESTIMATES ARE YET AVAILABLE FOR IMPACT ON CARGO OPERATIONS Source text: bit.ly/3cHGoLM (Gdansk Newsroom)

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