Coronavirus Expected to Cost Airlines <br />More Than $29 Billion This Year The figure comes from the <br />International Air Transport Association (IATA). The IATA predicts that most of the <br />loss will be in the Asia-Pacific region, and airlines in China alone will see <br />a decrease of nearly $13 billion. The association previously <br />estimated demand growth <br />to be 4.1 percent this year. It has now plummeted to <br />a 0.6 percent contraction. IATA’s CEO, Alexandre de Juniac, says <br />2020 will be a very tough year for airlines. Alexandre de Juniac, via press release Alexandre de Juniac, <br />via press release
