IATA: Airline industry will take three years to heal

Lost revenues for airlines around the world reached $400 million per day during the three day period (April 17-April 19) when disruptions were at their greatest. Giovanni Bisignani said “Lost revenues now total more than $1.7 billion for airlines alone. At the worst the crisis impacted 29 percent of global aviation and affected 1.2 million passengers a day. The scale of the crisis eclipsed 9/11 when US airspace was closed for three days.” Mr. Bisignani is IATA Director-General and CEO.