The International Air Transport Association (IATA) has projected $84.3-billion loss for global airlines in 2020 as travel bans and visa restrictions are set to halve international passenger traffic.

Your Story: Worst year for aviation, global airlines to lose $84 bn in 2020

With most of the world’s airliners currently parked, IATA said revenue would likely fall to $419 billion from $838 billion last year.

IATA: Airlines heading for $84 Billion annual loss

iata-latest-news

Iata Latest News, News on Iata Latest News, stories on Iata Latest News, articles on Iata Latest News, Iata Latest News stories at Wion, Iata Latest News news, Iata Latest News latest news

iata latest-news

Your Story: Worst year for aviation, global airlines to lose $84 bn in 2020

IATA: Airlines heading for $84 Billion annual loss