The revenues of the airlines in the first quarter will fall by 4-5 billion dollars due to coronavirus

the Income of the world’s airlines could fall by 4-5 billion dollars in the first quarter due to the cancellation of flights at the outbreak of coronavirus, has warned the international civil aviation organization (ICAO).

Countries imposed widespread restrictions on travel in an attempt to contain the spread of the virus COVID-19.

According to ICAO, approximately 70 airlines canceled all international flights to mainland China and from it. Another 50 carriers have reduced flights.

Presents the Agency’s preliminary assessment does not take into account the potential impact on air cargo, airports, air navigation service providers, for domestic flights in China and international carriage in the direction of Hong Kong, Macau and Taiwan.

ICAO also predicts that Japan’s income from tourism might fall in the first quarter of 1.29 billion due to the reduction of the inflow of Chinese travelers, while Thailand may lose 1.15 billion dollars.

Earlier, Prime Minister of Australia Scott Morrison said that the blow to the economy of the country from the spread of coronavirus from China is likely to be “significant”.