IATA awaited the first falling demand for air travel after 17 years in 2020

Created on 03.03.2020 11:44

A new type of Coronavirus outbreak could reduce the demand for air transport in Asia-Pacific region by 13% in 2020, the evidence of this fact is preliminary data of IATA, according to Interfax-Kazakhstan.

Premising that an increase by 4.8% was previously expected, this year, the region is expected to fall a passenger traffic by 8.2% compared to 2019. This means a loss of $ 27.8 billion in revenue for the Asia-Pacific airlines, moreover, the majority of them related to Chinese carriers ($ 12.8 billion), the association said. IATA estimates the income loss of airlines $ 1.5 billion due to the epidemic in other regions.

“It is still premature to evaluate that the income loss would mean for global profitability. We still don’t know exactly how the outbreak will grow and whether it would comply with the same profile as SARS (SARS epidemic in 2002-2003 - IF) or not, ”the report said.

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