Covid-19 hits down the airline industry for more than $84bn loss

Covid-19 hits down the airline industry for more than $84bn loss

Covid -19 hits down the airline industry for more than $84bn loss
The Covid-19 ( coronavirus) has hit down the airline industry for more than $84bn loss as 2020 will be marked as the "worst year in the history of aviation", the International Air Transport Association has predicted.

Airline passenger traffic is expected to rise 55 percent in 2021 from a low level this year, while remaining 29 percent below its 2019 level, the International Air Transport Association (IATA) said in an updated forecast.

Coronavirus might have been spreading in China as early as August 2019, according to a Harvard Medical School research.

More than seven million people have now been confirmed to have the coronavirus with more than 407,000 dying from the disease, according to data from Johns Hopkins University. The US, the UK and Brazil have recorded the highest death tolls. The US, Brazil and Russia have the most cases.