The spread of coronavirus and the resulting closures of international airline routes will result in $252 billion in passenger revenue losses for the year, says the International Air Transport Association. That’s more than double the revenue losses the airline industry group initially projected at the beginning of March. Here’s what we can expect for the airline industry on the other side of the pandemic.
*Editors note: Samuel Engel is SVP of ICF.
Read the full profile on Forbes: https://www.forbes.com/sites/marisagarcia/2020/03/24/as-airlines-face-252-billion-revenue-loses-swift-government-action-becomes-critical/#3bb9782b1447
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.