{"id":118759,"date":"2020-03-05T00:00:00","date_gmt":"2020-03-04T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/iata-estimates-airline-revenue-drop-of-over-100-billion\/"},"modified":"2026-03-07T17:35:26","modified_gmt":"2026-03-07T15:35:26","slug":"iata-estimates-airline-revenue-drop-of-over-100-billion","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/iata-estimates-airline-revenue-drop-of-over-100-billion\/","title":{"rendered":"IATA Estimates Airline Revenue Drop of Over $100 Billion"},"content":{"rendered":"<div>Airline revenues could decrease this year by an amount between $63 and $113 billion, depending on the spread of the coronavirus epidemic, the International Air Transport Association (IATA) warned. Last year, the total revenues of the airline industry stood at $838 billion.<\/div>\n<div><\/div>\n<div>The IATA warning comes after the UK regional airline Flybe announced it has been placed under special administration.&nbsp;<\/div>\n<div><\/div>\n<div>&nbsp;Other major airlines, such as British Airways, easyJet, Lufthansa and United Airlines, have announced cost-cutting measures to cope with the significant drop in bookings.<\/div>\n<div><\/div>\n<div>Last month, IATA predicted that the epidemic could reduce global airline revenues by $29 billion, following the decline in travel worldwide. There is potential for the Covid-19 epidemic to cause a 13% decline in demand for airline services in Asia this year, IATA warned.<\/div>\n<p>Source: <a href=\"http:\/\/www.economica.net\" data-wplink-url-error=\"true\">Economica<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>How much is the airline industry expected to lose due to COVID-19?<\/strong><\/p>\n<p>IATA estimates a potential revenue loss between $63 billion and $113 billion for 2020, depending on the virus&#8217;s spread.<\/p>\n<p><strong>Which airlines have already taken measures?<\/strong><\/p>\n<p>Flybe has entered administration, while major carriers like British Airways, Lufthansa, and United Airlines are implementing cost-cutting measures.<\/p>\n<p><strong>What is the predicted impact on the Asian market?<\/strong><\/p>\n<p>IATA warns that the COVID-19 epidemic could lead to a 13% decline in demand for airline services in Asia this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airline revenues could decrease this year by an amount between $63 and $113 billion, depending on the spread of the coronavirus epidemic, the International Air Transport Association (IATA) warned. Last year, the total revenues of the airline industry stood at $838 billion. The IATA warning comes after the UK regional airline Flybe announced it has&hellip;<\/p>\n","protected":false},"author":0,"featured_media":68008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2856],"tags":[],"thb-sponsors":[],"class_list":["post-118759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conectivity"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/transport-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=118759"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/68008"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=118759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=118759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=118759"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=118759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}