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rdf:type	schema:NewsArticle
schema:articleBody	The airline industry could lose up to $113 billion in revenue this year due to the impact of the new coronavirus, an industry body warned Thursday, as the epidemic spreads rapidly worldwide. The International Air Transport Association (IATA) estimated revenue losses to airlines' passenger business of between $63 billion and $113 billion -- with the higher figure for a scenario where the virus spreads more widely. The more dire prediction amounts to a 19 percent loss in worldwide passenger revenues, IATA said. "Financially, that would be on a scale equivalent to what the industry experienced in the global financial crisis," said a statement from the group. It was a far bleaker assessment than two weeks ago, when IATA forecast revenue losses would come in at $29.3 billion. But since then the virus has spread rapidly outside China, where it first emerged late last year, and has now reached some 80 countries and territories. More than 95,000 people have been infected and over 3,200 have died worldwide. "The turn of events as a result of COVID-19 is almost without precedent," said IATA head Alexandre de Juniac, following a meeting in Singapore. "In little over two months, the industry's prospects in much of the world have taken a dramatic turn for the worse." mba-sr/axn
schema:headline	Virus could cost airlines $113 bn revenue in 2020: IATA
schema:mentions	International Air Transport Association Great Recession Singapore Virus China Severe acute respiratory syndrome coronavirus 2 Alexandre de Juniac AXN
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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