The airlines in the Middle East are expected to lose about $ 7.2 billion in their revenues, in the event that the Corona Virus spreads widely, which represents 6.4% of the $ 113 billion Dollars represent the total revenue that airlines will lose in the world during 2020.
According to ArabiaNet, IATA data showed that airlines in Bahrain, Iraq, Lebanon, the Emirates and Iran will lose revenues of $ 4.9 billion with an expected decline in passenger numbers by 23%, while the rest of the region's companies lose revenue estimated at $ 2.3 billion With an expected 9% drop in passenger numbers.
This comes after the Union said in a statement issued yesterday, that the losses of the global aviation sector may range between 63 billion dollars and 113 billion dollars during the current year.
He clarified that the reassessment of his analyzes on the financial effects of the emerging Corona virus Covid-19 indicates that aviation sector losses could amount to about $ 63 billion in the event that the disease is controlled, but he believes that if the disease spreads more broadly, the losses may reach $ 113 billion.
He explained that the effect of the virus on air freight operations is now unavailable.
This comes, after IATA predicted last February, that the losses would reach $ 29.3 billion, based on its expectation that the disease would spread to markets that have a relationship with China. However, after the disease has spread to more than 80 countries, reservations have been greatly affected throughout the world, according to the statement.
