Aviation sector at risk amid coronavirus fears, say UK airlines

A picture of a Virgin Atlantic plane.Virgin Atlantic are one of several airlines anticipating losses.

The airline sector could be in danger as demand for flights plummets because of the coronavirus pandemic.

The International Air Transport Association (IATA) said that the outbreak could cost the industry $113bn (£92bn) in lost revenue.

IATA’s CEO, Alexandre de Juniac, said governments “must be fully prepared” to provide economic support to companies which lose profit.

He said: “In normal times, air transport is a catalyst for economic growth and development.

“Suspending travel on such a broad scale will create negative consequences across the economy. Governments must recognize this and be ready to support.”

Virgin Atlantic have requested a £7.5bn cash injection from the UK government to prop up airlines in anticipation of losses after President Donald Trump extended the travel ban to the UK and Ireland.

About the Author

Harry Douglas-Gratton
Harry is a final year journalism student at Leeds Beckett University.

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