The passenger revenues of the air transport industry for 2020 could plummet $252 billion or 44 percent below 2019’s figure due to the travel restrictions and the expected global recession caused by the Covid-19 pandemic, the International Air Transport Association (IATA) said on Tuesday. Giving an update on its analysis of the revenue impact of […]
Photo source: IATA “The scale of the current industry crisis is much worse and far more widespread than 9/11, SARS or the 2008 Global Financial Crisis.” – Alexandre de Juniac, IATA Emergency aid of up to $200 billion is required for airlines on a global basis, due to the evaporation of air travel demand as […]
The International Air Transport Association (IATA) on Monday requested that air cargo operations be excluded from any Covid-19-related travel restrictions to ensure life-saving medical products can be transported without disruptions. As underlined by IATA Director General and CEO Alexandre de Juniac at a media briefing in Geneva, the measures that governments have











