25 million Airline jobs are at risk of disappearing loss of 252 Billion dollars

[tipirneni]

The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.

Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism. Among these are 2.7 million airlines jobs. 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:

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 revenues fall by US$252 billion (-44%) in 2020 compared to 2019. The second quarter is the most critical with demand falling 70% at its worst point, and airlines burning through US$61 billion in cash.

[tipirneni]

Airlines face 2020 revenue loss of $314B