KUALA LUMPUR, June 10 — Airlines are expected to lose US$84.3 billion (RM360 billion) this year for a net profit margin of -20.1 per cent, while revenues will be halved to US$419 billion (RM1.8 trillion), according to the International Air Transport Association (IATA).

KUALA LUMPUR, April 15 — The Covid-19 crisis will see airline passenger revenues dropping by US$314 billion in 2020, a 55 per cent decline compared to 2019, according to the International Air Transport Association (IATA) in its latest updated analysis on the sector.

KUALA LUMPUR, April 8 — Airlines should make cash refunds as their top priority and not issue credit notes which may have little or no value should they go insolvent, said the Malaysian Association of Tour and Travel Agents (Matta).

KUALA LUMPUR, March 9 — The Malaysian Association of Tour and Travel Agents (Matta) wants major tourism service providers particularly airlines and hotels to waive normal cancellation charges to save travel agents from suffering a double whammy due to the Covid-19 outbreak with many tourists cancelling or postponing their holidays.