Dhaka, Feb. 22 -- The International Air Transport Association, or IATA, predicted demand for air travel will fall for the first time in more than a decade, reports BBC.

Airlines in China and other parts of the Asia Pacific region are expected to take the vast majority of the impact.

It comes as carriers around the world have been forced to reduce flights, according to the report.

In total, airlines in the Asia Pacific region are set to see a $27.8bn revenue loss in 2020, while those outside Asia are expected to lose $1.5bn in revenue, IATA has forecast.

Of that figure, IATA predicted that carriers in China are set to lose revenue of $12.8bn in their home market alone.

"Airlines are making difficult decisions to cut capacity and in so...