IATA: Brazil’s Airlines Could Lose US$13.6 Billion in Revenue Because of Covid-19

In total revenue, the association expects that the country's airlines will close 2020 with a drop of 71% compared to 2019 - in the July report, the projection was to close with a 57% drop.

RIO DE JANEIRO, BRAZIL - The International Air Transport Association (IATA) has raised to US$13.61 billion the projected revenue loss for air carriers in Brazil in 2020 because of Covid-19.

In July, the association had projected that Brazilian airlines would lose US$10.83 billion in revenues this year as a result of the pandemic. The data were released by the association on Thursday, December 10th, in a teleconference with journalists.

In total revenue, the association expects that the country's airlines will close 2020 with a drop of 71% compared to 2019 - in the July report, the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?