Travel restrictions are closing down international aviation, says IATA – STAT Times

In the wake of raging Covid-19 pandemic, The International Air Transport Association (IATA) estimates that industry passenger revenues could plummet $252 billion or 44% below 2019’s figure. This is in a scenario in which severe travel restrictions last for up to three months, followed by a gradual economic recovery later this year. Markets with severe restrictions cover 98% of global passenger revenues.

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