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China Air-Passenger Traffic More Than Halved by Coronavirus(1)

Bloomberg business news
Airline Industry to See $314 Billion in Lost 2020 Ticket Sales: IATA
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Air-passenger traffic slumped 54% in China in the first three months of 2020 as the coronavirus outbreak and related travel restrictions decimated demand.

China’s aviation industry lost 39.8 billion yuan ($5.6 billion) in the first quarter, with airlines accounting for 33.6 billion yuan, the Civil Aviation Administration of China said at a briefing in Beijing on Wednesday. Passenger volume fell to 74.1 million, with a 72% tumble to 15.1 million in March. Air cargo dropped 23% in March from a year earlier to 484,000 tons, according to CAAC.