Global airlines revenues seen down by $250 billion this year: IATA

FILE PHOTO: The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany, March 7, 2018. REUTERS/Fabrizio Bensch/File Photo

LONDON (Reuters) – Global airline revenues are seen falling by $250 billion this year, a cut of 44% on 2019 levels, the International Air Transport Association said on Tuesday, as the coronavirus outbreak hits the sector.

Reporting by Sarah Young; writing by Costas Pitas, Editing by Paul Sandle

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