IATA fights back as India hits major foreign airlines with tax evasion allegations
Foreign airlines operating out of India are in the crosshairs of its regulatory authorities over ...
© Colicaranica
By Alex Lennane
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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