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IATA estimates passenger revenue to drop by $314 bn in 2020

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Logistics Update Africa
IATA estimates passenger revenue to drop by $314 bn in 2020

The International Air Transport Association (IATA) released updated analysis showing that the Covid-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55 percent decline compared to 2019.

On March 24, IATA estimated $252 billion in lost revenues (-44 percent vs. 2019) in a scenario with severe travel restrictions lasting three months.

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