Coronavirus could cost the airline industry as much as $113bn (£87.47bn) this year – more than double the previous estimates from International Air Transport Association (Iata).
The industry body had previously estimated that the deadly bug would cost the industry $29.3bn (£22.68bn) in terms of lost revenue.
The previous estimates, issued by Iata on 20 February 2020, was based on a scenario where the impact of coronavirus would be “largely confined to markets associated with China”.
Download the new Independent Premium app
Sharing the full story, not just the headlines
With the virus now in 80 countries around the world, its impact is already being felt elsewhere.
In an updated analysis released on 5 March 2020, Iata said that there are now two possible scenarios.
Source: Read Full Article