Middle Eastern airlines will see passenger demand plunge 73% this year, the largest collapse among all regions, due to pandemic-related related travel restrictions, an official from the International Air Transport Association said Nov. 25. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The region’s airlines are set to lose $7.1 billion in 2020 and their capacity is projected to plummet by 64.5% in 2020 compared with a year earlier, Muhammad Ali Albakri, IATA’s regional vice president for Africa and the Middle East, said in a media briefing. Middle East airlines are losing $68.50/passenger, he said. Recovery in 2021 will be “humble” because the region has a number of hubs that rely on long-haul flights […]