Global airlines’ losses from Covid-19 shocks may hit $113b
Ethiopian Airlines says it will continue flying to mainland China despite the coronavirus outbreak, even as most carriers shun that route. PHOTO | FILE | NMG
Ethiopian Airlines chief executive Tewolde Gabre Mariam has defended the airline’s decision not to suspend flights to China in response to the outbreak of the coronavirus as the International Air Transport Association’s (IATA) updated assessment of impacts rises to $63 billion. The industry lobby had indicated $29.3 billion in its initial assessment.
“The turn of events as a result of Covid-19 is almost without precedent,” says IATA Secretary General Alexandre de Juniac.
