In a fresh report, the International Air Transport Association (IATA) revealed that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the coronavirus outbreak.
There are almost 65.5 million people who are dependent on the aviation industry as well other sectors of travel and tourism. Among these 2.7 million are engaged with airline jobs.
As per the research of IATA, the three months travel ban may affect 25 million jobs in the aviation industry and related sectors all over the world. 11.2 million jobs in the Asia Pacific, 5.6 million jobs in Europe, 2.9 million jobs in Latin America, 2 million jobs in North America, 2 million jobs in Africa and 0.9 million jobs in the Middle East have been affected.
All the airlines are likely to witness a full-year passenger revenues fall by 252 billions in comparison to 2019. The second quarter is the most critical with demand falling 70 percent at its worst point, and airlines through 61 billion dollars in cash.
IATA’s Director General and CEO Alexandre de Juniac said, “There are no words to adequately describe the devastating impact of COVID-19 on the airline industry. And the economic pain will be shared by 25 million people who work in jobs dependent upon airlines.” “Airlines must be viable businesses so that they can lead the recovery when the pandemic is contained. A lifeline to the airlines now is critical,” he added.
The aviation industry will also need careful planning and coordination to ensure that airlines are ready when the pandemic is contained. Mr Juniac called for a predictable and efficient approach to managing travel restrictions which need to be lifted before the work gets resumed.
“We are not expecting to re-start the same industry that we closed a few weeks ago. Airlines will still connect the world. And we will do that through a variety of business models. But the industry processes will need to adapt. We must get on with this work quickly,” said IATA’s Director General.