News / Impact from coronavirus could cost airlines $30bn this year

Source: IATA

Asian airlines are expected to see an 8.2% contraction in demand during 2020, according to an IATA analysis on the impact of coronavirus.

In fact, IATA said the impact would be 13% lower than 2019, but that with the growth forecast for 2020 was 4.8% – before the virus hit.

That translates into a $27.8bn loss this year for Asia Pacific carriers, with Chinese airlines bearing the brunt, losing $12.8bn in the domestic market alone.

Non-Asian Pacific carriers will see a revenue loss ...