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Airlines set for worst year on record The plunge in travel caused by the coronavirus will drive airline losses of more than $84bn (£66bn) this year, a global industry group has warned. The International Air Transport Association, which has 290 member airlines, said revenues would drop to $419bn, down 50% from 2019. That is steeper than initially forecast and comes despite recent signs that travellers are returning to the skies. The group said it expected airlines to lose $230m on average each day this year as the number of travellers falls to 2.25 billion, roughly halving from last year.

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