Global airlines could lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association. The losses would be similar to those experienced by the industry during the global financial crisis of 2008.
The losses would be similar to those experienced by the aviation industry during the global financial crisis of 2008, IATA warned as it dramatically increased its estimate of the damage caused by the outbreak. It said airlines could lose 19% of their business if the virus isn't contained soon. Just two weeks ago, IATA had been expecting lost sales in the range of $30 billion. "The turn of events as a result of [the coronavirus] is almost without precedent.
United, JetBlue cutting US flights because of coronavirusRead MoreIf the virus is contained soon, and economies around the world recovery quickly, total industry losses could be limited to $63 billion, he added.There are already more than 94,000 confirmed cases of the novel coronavirus worldwide, and nearly 3,300 deaths, mostly in China. South Korea, Japan, Italy and Iran also already suffering major outbreaks.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Wondering how planes and ships are being disinfected to fight coronavirus? Here's howHere's how planes and cruise ships are being disinfected to fight coronavirus. The travel industry is concerned about the financial hit from the outbreak.
Les mer »
What airlines are doing to sanitize planesHow clean is that airplane you're traveling on, really? And how can you protect yourself against coronavirus and other pathogens when flying? Here's everything you need to know:
Les mer »
Airlines face worsening coronavirus impact, European bosses warnEuropean airline bosses warned that airlines face a worsening coronavirus impact as travel demand is hit, forcing airlines to cancel flights and cut costs
Les mer »
Record Labels Restrict Travel Amid Coronavirus ThreatAs the coronavirus continues to spread, multinational record companies are putting the brakes on international travel.
Les mer »