Airports Council International (ACI) World projected airports’ revenues will drop by nearly 50% globally in 2020 due to COVID-19 pandemic.

The ACI World on Wednesday forecasted nearly two-fifths global air passenger traffic (nearly 40%) to wipe out this year, corresponding to 3.6 billion passengers.

While the industry was expected to generate about $172 billion, the group predicted it could lose about 45% or more than $76 billion by the end of this year.

CI World Director General Angela Gittens called on governments for an urgent, swift, proportionate, and effective response to protect jobs, essential operations, and to help industry

Read more: COVID-19 to wipe out half of airport revenues: Report