African airlines face $40 million hit in 2020 from coronavirus - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The global hit to the aviation industry is projected to be $29 billion in 2020, a 4.7% industry-wide drop in revenue per passenger kilometre, the International Air Transport Association has said.

IATA forecast in December that African airlines would make a loss of around $200 million in 2020, similar to 2019.Tewolde Gebremariam, chief executive officer of Ethiopian Airlines, Africa’s largest carrier, said the virus had slashed passenger demand. “The air travel demand for Ethiopian Airlines has declined by 20% due to the corona,” Tewolde told Reuters. “It is a big shock,” he told the conference.halted direct flights from Italy’s northern cities of Verona and Milan, which usually head to the Kenyan coast. Northern Italy has seen Europe’s biggest cluster of coronavirus cases.

I wonder as sherm SAA will be in deep pain again?

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