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IATA now predicts passenger revenues will fall $252bn, or 44%. The new forecast assumes that travel restrictions will last for three months, followed by a slow economic recovery.

IATA said airlines needed $200bn in liquidity support, “simply to make it through”.

“Some governments have already stepped forward, but many more need to follow suit,” said IATA’s director general, Alexandre de Juniac.

You can see IATA’s full analysis here.

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