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.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Coronavirus disruption could cost African airlines $40 million in revenue in 2020 via SABCNewsOnline

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thousands wait for hospital beds in S.Korea as coronavirus cases surge - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Korea reported 516 new coronavirus cases on Wednesday as thousands of sick people waited for hospital beds in Daegu, the city at the centre of the worst outbreak outside mainland China. Squatter camp in South Korea, interesting though the media always makes as if squatter camps are African problem only
Source: SABC News Online - 🏆 32. / 51 Read more »