The IATA (International Air Transport Association) unveiled the updated analysis confirming that the coronavirus pandemic would see a drop by $314 billion in airline passenger revenues in 2020, a 55% decline as compared to 2019.
Moreover, IATA mentioned that on 24 March the agency estimated $252 billion in lost revenues in a situation with serious restrictions in travel lasting three months.
Notably, the full-year passenger demand, both domestic as well as international, is anticipated to decline by 48% as compared to 2019. The two major aspects pushing the market down are- overall economic developments and travel restrictions.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.