Tuesday, July 14, 2020

Indian aviation, linked sectors could see over 30 lakh job losses this year: IATA

New Delhi: Airlines in the Asia-Pacific region will be the hardest hit by COVID-19 pandemic, according to the International Air Transport Association (IATA). APAC airlines are likely to lose $29 billion in 2020, accounting for more than a third of the $84.3 billion industry losses globally.
IATA has estimated India could see over 30 lakh job losses in aviation and sectors dependent on aviation as its airlines could see a 49% fall in passengers flown this year over last and a revenue fall of $ 11,610 million in the same period.
“The Asia-Pacific region was the first region to feel the brunt of the COVID-19 crisis. The region’s airlines will see passenger demand (measured in revenue passenger kilometres, RPK) collapse 53.8% this year, while capacity (in available seat kilometres, ASK) will be reduced by 39.2%,” the global body said.
13/07/20 Saurabh Sinha/Times of India
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