Scott Rasmussen's Number of the Day for March 6, 2020
The Number of the Day columns published on Ballotpedia reflect the views of the author.
March 6, 2020: Concerns about the coronavirus are causing millions to rethink their travel plans and may cost the airline industry at least $63 billion in revenue. A report from the International Air Transport Association (IATA) also estimated that if the virus spreads more broadly, the airline industry could lose as much as $113 billion.[1]
Those figures represent an 11% to 19% decline of total airline revenue.[1]
Some of the losses will be offset because oil prices have fallen since the coronavirus outbreak. The cost of fuel is a major airline expense. Still, the IATA report notes that “airline share prices have fallen nearly 25% since the outbreak began.” That’s a far bigger impact than "the decline that occurred at a similar point during the SARS crisis of 2003."[1]
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.
- March 5, 2020 –250 years ago today the Boston Massacre took place
- March 4, 2020 –6,590 pedestrian deaths in 2019
- March 3, 2020 –1,344 Democratic delegates to be awarded in Super Tuesday primaries
- March 2, 2020 –46 Pivot Counties will vote on Super Tuesday
- February 28, 2020 –54 delegates to be awarded in South Carolina primary
- To see other recent numbers, check out the archive.
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Columns published on Ballotpedia reflect the views of the author.
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