The Airline Industry under Severe Threat due to the COVID-19 Outbreak
The International Air Transport Association (IATA) released an analysis on April 14, 2020 showing that airline passenger revenues will spiral down by USD 314 billion in 2020, a 55 percent decline from 2019, due to the outbreak of COVID-19. Passenger demand is expected to decline by 48 percent from 2019 in 2020 due to two […]