According to a UN agency estimates, Japan could lose $ 1.3 billion in revenue between January and March due to restrictions on international flights caused by a new outbreak of coronavirus. Thailand is second in line with estimated $ 1.15 billion loss.
The International Civil Aviation Organization (ICAO), reported that about 70 airlines canceled all international flights to / from mainland China and another 50 airlines reduced their associated air traffic. This has led to a 80% reduction in passenger capacity of foreign airlines operating direct flights to and from China, as well as a 40% reduction in passenger capacity of Chinese airlines.
Before the outbreak airlines planned to increase the carrying capacity on international routes to and from China by 9% in the first quarter of 2020 compared to 2019.
According to preliminary ICAO estimates, in the first quarter of 2020 there is a general decrease in passenger capacity by 39–41% or a decrease in the number of passengers by 16.4–19.6 million people compared to what the airlines forecast. This is the equivalent to a potential decrease in gross revenues from airline traffic around the world by $ 4-5 billion.
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