The International Air Transport Association (IATA) said Thursday that the U.S.’ European travel ban due to the coronavirus crisis would cause financial pressure to mount on airlines.
Airlines were already struggling with the severe impact of the COVID-19 coronavirus crisis on their business said Geneva-based IATA in a statement.
U.S. President Donald Trump late on Wednesday announced that the country would restrict all travel from Europe except the U.K. to contain the new coronavirus.
“This will create enormous cash-flow pressures for airlines,” said Alexandre de Juniac, IATA’s director general and CEO, in a statement.
“We have already seen Flybe