IATA Warns Passenger Revenues 'Have Fallen Off a Cliff' | Aviation International News

IATA Warns Passenger Revenues 'Have Fallen Off a Cliff'

The international airline trade body calls on governments to urgently help bridge the industry’s liquidity problems.

IATA director general Alexandre de Juniac (Photo: IATA)

By Cathy Buyck • Contributor - Europe

March 24, 2020

The International Air Transport Association (IATA) on Tuesday warned that Covid-19 will hit airlines much harder than previous pandemics and recovery might not come six months after the crisis, as in the cases of SARS, the Avian Flu, and the MERS Flu. The airline trade body now expects that the global spread of the novel coronavirus and the severity of travel restrictions—markets with severe restrictions (including quarantine for arriving passengers, partial travel ban, and border closure) now cover 98 percent of global passenger revenues—could reduce this year’s passenger revenues by 44 percent, or $252 billion compared with 2019. On March 5, IATA expected passenger revenues worldwide would fall 19 percent, or $113 billion below 2019’s figure.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

Airlines Confront Ongoing Impact of Middle East Conflict

High fuel costs and extended route disruption could force longer-term changes

Emirates Airline

Skyhop Plans Island Routes With Noemi's Electric Seaplane

Agreement between start-ups could lead to orders for up to 15 aircraft

Skyhop Aviation and Noemi Aerospace leaders

A220’s Performance Drives BermudAir’s Fleet Growth

Airline plans to gradually replace its Embraer E-Jet fleet

BermudAir Airbus A220

Air India Backs SkyDrive Emergency Medical eVTOL Plans

Partners say eVTOLs could accelerate response times in crowded Indian cities

SkyDrive plans eVTOL medical flights in India

Airbus Balances Shareholder Returns and New Aircraft

Rival Boeing arguably claimed bragging rights at the Farnborough International show

Airbus A350-1000

Virgin Firms Up eVTOL Air Taxi Alliance with Joby

Connections to London Heathrow and Manchester airports will start first

Joby eVTOL route network

ATR Chases New Regional Markets for Twin Turboprops

Iran war and wider geopolitical pressure stall buying decisions

ATR 42-600 in Papua New Guinea

Embraer Racks Up E-Jet Orders at Farnborough

30 firm orders led by Abra

Embraer