Asia-Pac airlines to record US$27.8b revenue loss due to Covid-19

A row of empty seats (L) are seen on board a Singapore Airlines flight to Singapore from Jakarta International Airport, before the aircraft's departure from the Indonesian capital on February 18, 2020. - Singapore unveiled 4.6 billion USD in financial packages on February 18 to deal with the impact of the deadly coronavirus outbreak, which has battered the city-state's economy and sparked fears of a recession. Tourism and trade are both expected to be hard hit by the virus in Singapore, an open economy with close links to China that is badly affected during any global shock. (Photo by GOH CHAI HIN / AFP)

KUALA LUMPUR: The Covid-19 is expected to cause revenue loss of US$27.8bil this year for airlines in the Asia-Pacific region, the International Air Transport Association (IATA) said.

In a statement issued late Thursday, it said the bulk of which would be borne by carriers registered in China, with US$12.8bil lost in the China domestic market alone.