Airline revenue this year will plunge 60 percent as a result of the coronavirus pandemic which threatens the survival of the industry, the International Air Transport Association (IATA) said Tuesday, November 24. “The Covid-19 crisis threatens the survival of the air transport” industry, “with 2020 likely to go down in history as its” worst “year ever, IATA said.
It said that while airlines have been slashing costs by $ 1 billion a day, grounding fleets and cutting jobs, they are still racking up huge and ‘unprecedented’ losses.
Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link