Overall, IATA expects passenger traffic in the Asia-Pacific region to fall by 8.2% this year, compared to an earlier estimate of a 4.8% rise.
“Airlines are making difficult decisions to cut capacity and in some cases routes,” IATA Director General Alexandre de Juniac said in a statement. “Lower fuel costs will help offset some of the lost revenue. This will be a very tough year for airlines.” Carriers outside Asia are expected to lose $1.5 billion of revenue due to the virus, IATA said, adding it was too early to quantify the impact on earnings.
Air France KLM SA warned on Thursday of a 150 million to 200 million euro hit to earnings by April as it contends with the coronavirus epidemic’s “brutal” impact on the airline industry.
People are dying, let's worry about profit margins.
Wow! Isn't this what some people wanted for the environment? Less flight less carbon dioxide emissions? Maybe we should ask them about coronavirus
Well, that's gonna stink in those bank accounts. For you poor wage-slaves, some bank accounts have lots of 0's instead of just the one you have. Good luck with your fever.
Corona Virus did it😥
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