Airlines could lose $113 billion due to coronavirus: Industry body
Airlines could lose up to $113 billion in revenue this year because of the coronavirus epidemic, the International Air Transport Association (IATA) has said. "There are lots of airlines that have got relatively narrow profit margins and lots of debt, and a cash flow shock like this could certainly send some into a very difficult situation," the industry body added.
Airlines could lose up to $113 billion in revenue this year because of the coronavirus epidemic, the International Air Transport Association (IATA) has said. "There are lots of airlines that have got relatively narrow profit margins and lots of debt, and a cash flow shock like this could certainly send some into a very difficult situation," the industry body added.
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