Global airline losses due to virus estimated at US$5 billion

Passengers seen at Narita airport. Japan looks to be the hardest hit from a drop in Chinese air travellers in the first quarter, says ICAO. – EPA pic, February 14, 2020.

THE Covid-19 outbreak could see a US$4 billion to US$5 billion (RM16.6 billion to RM20.7 billion) reduction in worldwide airline revenue, said the International Civil Aviation Organisation (ICAO) yesterday.

The United Nations agency reported that 70 airlines have cancelled all international flights in and out of China, and 50 others have reduced their operations.

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