IATA warns of aviation catastrophe

IATA warns of aviation catastrophe

THE International Air Transport Association says plummeting demand for travel amid the COVID-19 crisis is putting about 25 million jobs at risk.

“Globally the livelihoods of some 65.6 million people are dependent on the aviation industry, including sectors such as travel and tourism,” IATA said.

“In a scenario of severe travel restrictions lasting for three months, IATA research calculates that 25 million jobs in aviation and related sectors are endangered across the world.”

Airlines are calling on governments to provide immediate financial aid, with IATA calling for direct financial support, tax relief and loans.

“There are no words to adequately describe the devastating impact of COVID-19 on the airline industry,” said IATA CEO Alexandre de Juniac.

He also confirmed IATA was working on a comprehensive approach to “re-booting the industry” once COVID-19 restrictions are eased.

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Source: traveldaily