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Potentially, they would be more than 25 millions of jobs at risk in the aviation industry, travel and tourism in the face of the current crisis coronavirus.
The International Air Transport Association – IATA has published a new analysis showing that some 25 Millions of jobs are at risk of disappearing as demand for air travel falls amid the coronavirus crisis. COVID-19.
Millions of jobs at risk in aviation
Worldwide, some 65,5 millions of people depend on the aviation industry, including sectors such as travel and tourism. Among these there are 2.7 millions of airline jobs. In a scenario of severe travel restrictions that would last at least three months, IATA research estimates that 25 millions of jobs in aviation and related sectors, are in danger all over the world:
- 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, Airlines are expected to see full-year passenger revenue fall by at least $252 billion (-44%) on 2020 in comparison with 2019. The second quarter was the most critical with demand that fell by 70%, and airlines using more $61 billion of your cash funds.
The airlines and airports are calling on governments to provide immediate financial aid to help remain viable businesses capable of leading the recovery when the pandemic is contained:
- Direct financial support.
- Loans, loan guarantees and support for the corporate bond market.
- Tax reduction.
Looking to the future: restart the industry
Along with vital financial aid, The industry will also need careful planning and coordination to ensure airlines are ready when the pandemic is contained..
IATA is seeking a comprehensive approach to restart the industry when governments and public health authorities allow it.. A multi-stakeholder approach will be essential. An initial step is a series of virtual meetings, or summits, a nivel regional, bringing together governments and industry stakeholders. The main objectives will be:
- Understanding what it takes to reopen closed borders, and
- Agree on solutions that can be operationalized and scaled efficiently
Finally, It should be noted that the figures presented here reflect the number of jobs that could be lost in scenarios where severe travel restrictions last more than three months., with which the recovery of demand for air travel would be even more affected by the imminent, economic recession, so it is not a forecast of layoffs.
The 25 millions of potential jobs that could be lost extend to all areas supported by the air transport sector and its direct related activities, including jobs that depend on the spending of tourists who use air travel to reach their destinations.
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