U.N. aviation agency ICAO forecasts $4-5 billion hit to first quarter airline revenue from virus

SINGAPORE (Reuters) - The U.N.'s International Civil Aviation Organization (ICAO) forecast global airline revenue could fall by $4 billion (£3.1 billion) to $5 billion in the first quarter due to flight cancellations linked to the coronavirus outbreak, it said in a statement.The Montreal-based agency said on Wednesday the virus was expected to have a greater industry impact than that caused by the 2003 Severe Acute Respiratory System (SARS) epidemic, in light of the higher volume and greater..