Financial impact of COVID-19 on the industry explained by Brian Pierce, Chief Economist @IATA

Due to COVID-19, we are seeing a dramatic global decline in passenger & air cargo demand. Airlines are cutting their own costs but this is not sufficient to offset the revenue impact.

The industry needs support from governments and in finances. Brian Pierce, IATA's Chief Economist explains.

More info: https://www.iata.org/en/pressroom/pr/2020-03-05-01/