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As UK regional carrier Flybe went into liquidation this morning, following low demand on top of already challenging finances, IATA predicted global revenue losses for the passenger business of between $63bn and $113bn.

Its previous prediction, for ‘just’ $29.3bn, was based on a scenario that confined the impact of coronavirus to markets associated with China.

Now it has spread to more than 80 countries, travel restrictions and low demand have become a global phenomenon.

IATA said it could not yet estimate the impact ...

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