Tag Archives: Virus could mean $5 bn in airline losses: UN agency

The new coronavirus outbreak could mean a reduction of $4-5 billion in worldwide airline revenue, the International Civil Aviation Organisation (ICAO) said on Thursday. The UN agency reported that 70 airlines have cancelled all international flights in and out of China and 50 others have reduced their operations. Preliminary estimates show this has meant a reduction of nearly 20 million …

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