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COVID-19 will damage passenger confidence in air travel, says IATA
COVID-19 looked like previous crises: a hit to traffic and revenue followed by a return to normal, even if there was uncertainty about the depth and duration of the hit. The revenue reduction faced by airlines this year as a result of COVID-19 far exceeds the impact from previous crises. It has the dimensions of a world war. Consequently, the International Air Transport Association (IATA) said a global recession is now coming in 2020/21 and this means…
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