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.

Impact on International Passenger Traffic

The preliminary estimates indicate the impact in terms of scheduled international passenger traffic during first half 2020 compared to Baseline (originally-planned):

- Overall reduction of seats offered by airlines of 37% to 48%.

Source: ICAO estimates based on OAG, Routes Online and airline websites 

- Overall reduction of 411 to 535 million passengers.

Source: ICAO estimates

- Approx. US$ 90 to 118 billion potential loss of gross operating revenues of airlines.

Source: ICAO estimates

Impacts on Airports and Tourism

- Airports may lose approx. USD 76 billion for full year 2020 (estimated by ACI).

Source: The Impact of COVID-19 on the Airport Business (dated 1 April 2020)

- A loss of US$ 300 to 450 billion in international tourism receipts for 2020 (estimated by UNWTO) .

Source: Impact Assessment of the COVID-19 Outbreak on International Tourism (UNWTO)

The full report can be viewed here.