GENEVA: If the coronavirus crisis lasts another two or three months, it could force carriers to collapse and spark more consolidation in the beleaguered airline industry, the International Air Transport Association (IATA) chief said.

Alexandre de Juniac, in an interview at IATA headquarters, said revenue losses would be 鈥減robably above鈥� $113 billion that it estimated a week ago, before the Trump administration鈥檚 announcement of US travel curbs on much of continental Europe.

鈥淲e are asking all the governments who have put restrictions 鈥� and the US government particularly 鈥� to review the decision permanently to see whether they can alleviate or waive that decision 鈥� the sooner the better,鈥� de Juniac said.

IATA called on Thursday for governments to consider extending credit lines, reducing infrastructure costs and cutting taxes for cash-strapped airlines. Carriers serving Germany, France and Italy are most at risk.

De Juniac, asked whether he feared that other carriers would follow Britain鈥檚 Flybe, which went under last week, said that it would 鈥渄epend on the intensity and the duration of the crisis.鈥�

鈥淚f the drop is as significant, as deep, as we are seeing now, and if it lasts for more than two or three months, we will see some difficulties among airlines,鈥� he said.

鈥淪ome of them will probably have financial difficulty, it will probably lead to a further consolidation,鈥� added de Juniac, a former Air France-KLM group chief executive.

Financial shock 

The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while US airlines rushed to cut flights to Europe in the wake of new travel restrictions.

鈥淎pparently the financial shock on the different markets has been in general for all industries, the airlines particularly,鈥� de Juniac said.

鈥淪o it is just a signal that everybody is aware of the importance and the enormous order of magnitude of this crisis on our industry. But not only on us, unfortunately.鈥�

IATA, whose 290 member airlines in 120 countries account for 82 percent of the world鈥檚 air traffic, has asked governments to waive the 鈥渟lot rule鈥� which obliges carriers to use a slot for 80 percent of a season, or lose it, he said.

鈥淲e are asking to waive that rule until the end of the summer season worldwide,鈥� de Juniac said.

It has urged regulators to relax a rule that flights cannot be canceled less than two weeks ahead of scheduled departure, and sought a reduction for overflight fees, he added.

鈥淲e are asking governments to reduce our charges either by reducing the airport charges, for instance the parking fees.鈥� 

鈥淏ecause all our aircrafts are parked, empty on the tarmac. So we ask for a reduction in parking fees,鈥� de Juniac said.