Virus could mean $5 bn in airline losses: UN age
Preliminary estimates show this has meant a reduction of nearly 20 million passengers compared to expectations for the first quarter of 2020.
The virus has killed nearly 1,400 people and infected 64,000, almost all of them in China.
But foreign airline traveler capacity in and out of the country has gone down 80 percent, it said.
Japan looks to be hardest-hit by a reduction in Chinese air travelers in the first quarter, ICAO said. The country could lose $1.29 billion in tourism revenue, with Thailand not far behind, facing a potential $1.15 billion loss.
ICAO said the effects of the COVID-19 virus outbreak on the airline industry are expected to be larger than the 2002-2003 SARS epidemic because flight cancellations are more widespread this time.标签：