The losses would be similar to those experienced by the aviation industry during the global financial crisis of 2008, IATA warned as it dramatically increased its estimate of the damage caused by the outbreak. It said airlines could lose 19% of their business if the virus isn't contained soon. Just two weeks ago, IATA had been expecting lost sales in the range of $30 billion. "The turn of events as a result of [the coronavirus] is almost without precedent.
United, JetBlue cutting US flights because of coronavirusRead MoreIf the virus is contained soon, and economies around the world recovery quickly, total industry losses could be limited to $63 billion, he added.There are already more than 94,000 confirmed cases of the novel coronavirus worldwide, and nearly 3,300 deaths, mostly in China. South Korea, Japan, Italy and Iran also already suffering major outbreaks.
I’m surprised they don’t have billions stashed away after charging passengers ridiculous prices for baggage for years.
Sue China for the lost!!!