Asia-Pacific airlines could lose $27.8 bn to coronavirus: IATA

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 71%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

IATA said its estimate assumed that COVID-19 behaved like the SARS outbreak, which was 'characterised by a six-month period with a sharp decline followed by an equally quick recovery'. YahooFinance

Airlines operating in the Asia-Pacific region stand to lose a combined $27.8 billion of revenue this year in the ongoing coronavirus crisis, the International Air Transport Association said on Thursday.

"This will be a very tough year for airlines," IATA CEO Alexandre de Juniac said in a statement."Stopping the spread of the virus is the top priority."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 3. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airlines in Asia-Pacific stand to lose US$27.8b in coronavirus crisis: IATAPARIS: Airlines operating in the Asia-Pacific region stand to lose a combined US$27.8 billion of revenue this year in the ongoing coronavirus ... Which is the only reason they’re canceling flights. They’re not worried about public health. They’re worried about profits.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Airlines in Asia-Pacific stand to lose US$27.8b in coronavirus crisis: IATAPARIS: Airlines operating in the Asia-Pacific region stand to lose a combined US$27.8 billion of revenue this year in the ongoing coronavirus ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Coronavirus: Airlines in Asia-Pacific stand to lose US$27.8 billion in crisis, says IATAPARIS (AFP) - Airlines operating in the Asia-Pacific region stand to lose a combined US$27.8 billion (S$39 billion) of revenue this year in the ongoing coronavirus crisis, the International Air Transport Association said on Thursday (Feb 20).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Airlines in Asia-Pacific stand to lose US$27.8b in coronavirus crisis: IATAPARIS: Airlines operating in the Asia-Pacific region stand to lose a combined US$27.8 billion of revenue this year in the ongoing coronavirus ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Nearly 900,000 pangolins trafficked in South-east Asia over two decades: WatchdogKUALA LUMPUR (AFP) - Nearly 900,000 pangolins are believed to have been trafficked across South-east Asia in the past two decades, a wildlife watchdog said on Thursday (Feb 20), highlighting the challenge in tackling the illicit trade.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Qantas cuts flights to Asia as coronavirus hits demandSYDNEY (AFP, BLOOMBERG) - Australian airline Qantas on Thursday (Feb 20) announced a major reduction in flights to Asia and freeze recruitment as the deadly coronavirus outbreak that began in China impacts demand and eats into profits.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »