![epa08296676 Cathay Pacific jetliners are parked in Hong Kong International Airport in Hong Kong, China, 15 March 2020, (issued 16 March 2020). Cathay Pacific has scrapped more than three-quarters of its weekly flights in March and has 120 planes, about half of its fleet, sitting on the tarmac at any given time. Fear of travelling rises as coronavirus SARS-CoV-2, which causes the Covid-19 disease, has spread outside Asia to Europe and the United States. EPA/JEROME FAVRE](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/VJSVZOTGEANMPKYQTMWSGEUR3M.jpg?smart=true&auth=5c184dd3c9985469176d924e6b099e14b04e77b6a8276b3d6b9a64a66898b5a9&width=400&height=225)
Cathay Pacific jetliners parked in Hong Kong International Airport. EPA
Cathay Pacific jetliners parked in Hong Kong International Airport. EPA
Global passenger demand slumps 53% amid Covid-19 pandemic
'The industry is in free fall and we have not hit bottom,' Alexandre de Juniac, Iata’s director general says