IATA: New Zealand could lose USD3.5bn in revenue in 2020 due to coronavirus

15 July, 2020

IATA provided (09-Jul-2020) an updated forecast for the following impacts on New Zealand's aviation sector in 2020 due to coronavirus:

  • Change in passenger demand: -52% year-on-year;
  • Passenger demand impact: -13.2 million origin-destination passengers;
  • Revenue impact: USD3.5 billion;
  • Potential job losses: -176,400. [more - original PR]