Monday, April 27, 2020

Covid-19 impact on Asia-Pacific aviation worsens, says IATA

International Air Transport Association (IATA) has released its latest estimates, which show that the impact of Covid-19 on the aviation industry in the Asia-Pacific region has worsened.
Earlier this month, IATA released its updated analysis stating that global airline passenger revenues will decrease by $314bn this year, which marks a decline of 55% compared to the previous year.
As per the estimates, Asia-Pacific airlines will record a revenue decline of $113bn compared to last year, which is the biggest drop of all the regions.
Asia-Pacific will also see a 50% decrease in passenger demand this year compared to last year. The estimate in March stated that there would be a 37% decrease in passenger demand this year.
IATA states that the revenue and demand estimates are based on the travel restrictions put in place since the last three months, as well as the gradual lift in restrictions in domestic, regional and intercontinental markets.
27/04/20 Airport Technology

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