Airports, Airlines To Lose Nearly USD 523 Billion In 2020

HIGHLIGHT

  • ACI and IATA call for urgent industry-wide support to underpin the recovery
  • 46 million jobs are at risk caused by the COVID-19 crisis including the travel and tourism sector which relies on aviation

The Airports Council International (ACI) World and the International Air Transport Association (IATA) on Tuesday reinforced the urgent call meeting with governments to use testing as a means to safely re-open borders and re-establish global connectivity and to prevent the systemic collapse of the aviation industry with non-debt generating

Covid-19: When Will A Coronavirus Vaccine Ready?

46 million jobs are at risk due to Coronavirus

The Air Transport Action Group (ATAG) estimates that 46 million jobs are at risk because of the loss of connectivity caused by the COVID-19 crisis. The vast majority of these (41.2 million jobs) are in the travel and tourism sector which relies on aviation. The remainder (4.8 million jobs) are spread across direct employment in aviation, including airports and airlines

READ: No Normal Airlines Will Be Allowed Until April 2021

Safely re-opening borders without quarantine by using a coordinated approach to testing would boost the entire economy and be a revenue lifeline for airlines and airports.

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