IATA sees passenger revenues fall by US$252b on travel curbs

IATA director general and CEO Alexandre de Juniac said airlines are fighting for survival in every corner of the world.

KUALA LUMPUR: The International Air Transport Association (IATA) estimates annual passenger revenues will fall by US$252bil if severe travel restrictions remain in place for three months.

IATA, which represents 290 airlines comprising 82% of global air traffic, issued the dire warning late Tuesday as countries put in place lockdowns and closed their borders due to escalating Covid-19 coronavirus pandemic.