Coronavirus crisis will cost airlines '€100bn in lost revenues'

The coronavirus epidemic could rob passenger airlines of up to $113bn (€100bn) in revenues this year, an industry body warned, more than three times a projection it made just two weeks ago as the virus continues to spread around the world.

The warning from the International Air Transport Association (IATA) came as British regional carrier Flybe became the first big casualty of the slump in travel demand due to the crisis.