IATA forecasts 51% decline in Australia's aviation sector due to coronavirus

27 April, 2020

IATA forecast (24-Apr-2020) the following impacts on Australia's aviation sector in 2020 due to the coronavirus outbreak:

  • Change in passenger demand: -51%;
  • Passenger demand impact: 50.5 million;
  • Revenue impact: USD14.25 billion;
  • Potential job losses: 362,100.

The estimates are based on a scenario of severe travel restrictions lasting for three months, with a gradual lifting of restrictions in domestic markets, followed by regional and intercontinental. [more - original PR]