IATA warns! 25 million jobs in aviation and travel are in danger.

IATA warns! 25 million jobs in aviation and travel are in danger.

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IATA (International Air Transport Association) presented a new study, which shows that over 25 million jobs in aviation, travel and related branches are in danger. And this is because of the COVID-19 pandemic, which has led to a sharp drop in travel and flight requests.

Globally, approximately 65,5 million people depend on the aviation and tourism industries. Of these, 2,7 million jobs are provided by the airlines.

In a scenario with severe travel restrictions, which can take 3 months and even longer, IATA warns that about 25 million jobs in aviation and travel (plus related sectors) are endangered worldwide.

According to IATA estimates, below you have the situation on the continents.

11,2 million jobs in Asia-Pacific
5,6 million jobs in Europe
2,9 million jobs in Latin America
2,0 million jobs in North America
2,0 million jobs in Africa
0,9 million jobs in the Middle East

In the same scenario, IATA says that the revenues of the airlines will decrease by 44% throughout the year 2020, which is compared to 2019. It means a loss of 252 billion dollars. In Q2 the decrease is up to 70%, the equivalent of 61 billion dollars cash.

Airlines are asking governments for financial assistance to get through the crisis and to have the ability to recover post-coronavirus. Exactly maia, IATA requests: direct financial support; loans, loan guarantees; tax exemptions.

In addition to financial aid, the aeronautical industry will also need careful post-coronavirus planning. And the airlines have to be ready to resume their activities.

IATA officials are aware that nothing will be the same after this coronavirus pandemic. No one has ever encountered such a thing, there is no precedent. The 25 million jobs that are now in danger will depend on an effective resumption of the aeronautical industry. Airlines will connect cities, countries and continents, but it will remain to be seen how quickly and under what conditions.

On the other hand, there is a study that shows that aviation and tourism will reach "normal" only in 2023. There are no words that adequately describe the impact of the COVID-19 pandemic on tourism and commercial aviation.

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