Airports could lose about US$ 76 billion for full year 2020, while airlines suffer potential revenue losses of US$ 90 to 118 billion in the first half of the year, according to the International Civil Aviation Organization (ICAO) , which has released its latest report providing estimates of COVID-19's economic impact on civil aviation.

The Civil Aviation Administration of China (CAAC) held a press conference Thursday, where the aviation authority updated the public on the latest status of China's air transport industry under new policies issued earlier due to the COVID-19 pandemic. 

Korean Air Lines Co Ltd will suspend flights to Washington, D.C. starting April 13 through to the end of May due to the coronavirus crisis, a company spokesperson said on Wednesday.

Emirates will operate all cargo services from Dubai International Airport from Wednesday, temporarily suspending operations at Dubai's Al Maktoum airport, the airline said on its website.

El Al Israel Airlines said on Wednesday it was extending the suspension of all scheduled passenger flights until May 2 due to a drop in demand in the wake of the coronavirus outbreak.

Swedish airline BRA said on Wednesday it was pausing all traffic as demand had ground to a halt amid the coronavirus pandemic.

Turkish Airlines has extended the cancellation of its flights from April 17 to May 1 over the coronavirus outbreak, its CEO Bilal Eksi said on Wednesday, adding that limited domestic flights would continue.

As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the world's airlines called the last few months "its deepest crisis ever."

South Korean budget airline Eastar Jet plans to cut about 700 out of some 1,600 jobs due to operational difficulties from the coronavirus outbreak, the carrier's spokesman said on Thursday.

IAG-owned British Airways is expected to announce a suspension of about 36,000 of its employees, BBC News reported on Wednesday.