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.
In the same scenario, carriers outside Asia-Pacific are forecast to bear a revenue loss of US$1.5bil, assuming the loss of demand is limited to markets linked to China.In December, IATA forecast global RPK growth of 4.1%, so this loss would more than eliminate expected growth this year, resulting in a 0.6% global contraction in passenger demand for 2020.
Alexandre de Juniac, IATA’s director general and CEO said it was premature to estimate what this revenue loss will mean for global profitability.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nearly 900,000 pangolins trafficked in Southeast Asia | The Malaysian InsightResearchers link Covid-19 outbreak in China to endangered animal.
Source: msianinsight - 🏆 8. / 63 Read more »
Nearly 900,000 pangolins trafficked in Southeast Asia: WatchdogKUALA LUMPUR: Nearly 900,000 pangolins are believed to have been trafficked across Southeast Asia in the past two decades, a wildlife watchdog said Thursday, highlighting the challenge in tackling the illicit trade.
Source: NST_Online - 🏆 17. / 53 Read more »
China tests its soft power in Southeast Asia amid coronavirus outbreakForeign minister urges Asean countries to ease their bans on Chinese visitors. FMTNews China Coronavirus
Source: fmtoday - 🏆 5. / 72 Read more »
Nearly 900,000 pangolins trafficked in Southeast AsiaIts body parts are highly valued in traditional medicine in China, its meat is a delicacy. FMTNews Pangolins
Source: fmtoday - 🏆 5. / 72 Read more »
Qantas cuts flights to Asia | The Malaysian InsightCovid-19 hits profits, carrier suspends flights to Shanghai, reduces those to Hong Kong and Singapore.
Source: msianinsight - 🏆 8. / 63 Read more »
Qantas cuts flights to Asia as coronavirus hits profits | Malay MailSYDNEY, Feb 20 — Australian airline Qantas today announced a major reduction in flights to Asia as the deadly coronavirus outbreak that began in China impacts demand and eats into profits. The carrier said it would cut flights to Asia by 16 per cent for at least three months, with flights to...
Source: malaymail - 🏆 1. / 86 Read more »