Virus pushes airlines to crisis point

Airlines worldwide could lose close to $30 billion in revenues this year from the coronavirus outbreak, based mainly on the reduction in flights to and from China, according to the airline trade body IATA


Global airline operating profits ($ billions)

60
50
40
30
20
10	
0	15.8	19.9	-1.1 	1.9	27.6	19.8 	18.4	25.3	35.5	62.0	60.1 	56.6 	45.9	42.5	$48.2bn 
	06 	07 	08 	09 	10 	11 	12 	13 	14 	15 	16 	17 	18 	19 	2020

2008: Financial crisis

2010: Iceland volcanic ash cloud costs industry $200 million per day

2015: Sharp drop in oil prices and strong global economic growth boost profits

2019: Forecast prior to coronavirus outbreak

Estimated impact 
Loss of $29.3bn, including $12.8bn borne by Chinese carriers alone
                                   

Sources: IATA, International Civil Aviation Organization
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