The decision to host the 77th IATA Annual General Meeting in Boston was made at the conclusion of the 76th AGM, which was held virtually with KLM Royal Dutch Airlines as the host airline.
The value marked an increase of 12.9% over the previous quarter and a rise of 5.5% when compared with the last four-quarter average, which stood at $4.41bn.
ACI World estimates the airport industry will suffer a 60% reduction in revenues in 2020 as a result of COVID-19, amounting to a decline of more than $100 billion.
