Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 17/01/2021 03:55 
24.11.2020 17:42 News >> 'Virus Causes Nearly $160B Losses In Aviation Sector'

'Virus Causes Nearly $160B Losses In Aviation Sector'

Airlines expect reopening of borders safely 'without quarantine', head of International Air Transport Association says.

The COVID-19 pandemic is expected to cause nearly $160 billion losses in the aviation sector during 2020 and 2021, the International Air Transport Association (IATA) said.
The association's expectation is $118.5 billion losses this year and $38.7 billion in 2021, according to a press release issued Tuesday.
"Deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast," the IATA said.
It added that after a difficult period in the first half of 2021, the second half of next year will post improvements.
Alexandre de Juniac, the CEO of the association, stressed: "This crisis is devastating and unrelenting. Airlines have cut costs by 45.8%, but revenues are down 60.9%.
"The result is that airlines will lose $66 for every passenger carried this year for a total net loss of $118.5 billion. This loss will be reduced sharply by $80 billion in 2021. But the prospect of losing $38.7 billion next year is nothing to celebrate."
Juniac noted that borders should be reopened safely "without quarantine" to enable people to fly again.
He added: "And with airlines expected to bleed cash at least until the fourth quarter of 2021 there is no time to lose."
The press release recalled that due to the pandemic, this year, airlines' revenues dropped by a half-trillion US dollars.
This year, the number of passengers is expected to drop to 1.8 billion from 4.5 billion in 2019.
The COVID-19 pandemic, which initially appeared in China last December, has spread across the world and infected millions of people.
The global outbreak affected several sectors deeply, particularly aviation, tourism, travel, and manufacturing. -



        Latest News
New Delhi: 52 Cases Of COVID-19 Vaccine Side-Effects 46 minutes ago...
4,319 people administered vaccines in Indian capital.
Muslim Scholar Group Warns Against Racism, Ethnic Bias 16 minutes ago...
Racism, ethnic discrimination great danger to humanity, says head of International Union for Muslim Scholars.
Rwanda: Health Insurance To Cover COVID-19 Costs 31 minutes ago...
Move will encourage patients to seek timely treatment, says official.
Turkey In Top 4 Countries With Geothermal Capacity 16 minutes ago...
We have worked tirelessly to prepare a bright future for Turkey, says Turkish president.
EU Welcomes Decision To Hold Elections In Palestine 16 minutes ago...
Bloc ‘ready to engage with relevant actors to support the electoral process,’ says spokesman.

 
      Top News
On Snow-Covered Field, Basaksehir Draw With Sivasspor On Snow-Covered Field, Basaksehir Draw With Sivasspor
Linkedin To Appoint Local Representative In Turkey Linkedin To Appoint Local Representative In Turkey
Kashmir: 48 Dailies Made Ineligible For Government Ads Kashmir: 48 Dailies Made Ineligible For Government Ads
Mali: UN Peacekeeper Killed In Terror Attack Mali: UN Peacekeeper Killed In Terror Attack
North Cyprus 'On Right Track' To Protect Cypriot Turks North Cyprus 'On Right Track' To Protect Cypriot Turks
'Leftist Terror Groups In Rural Turkey On Last Legs' 'Leftist Terror Groups In Rural Turkey On Last Legs'
US: New York Jets Hiring First Muslim Coach US: New York Jets Hiring First Muslim Coach
Malaysia Holds Back Pakistan Passenger Plane Over Legal Dispute Malaysia Holds Back Pakistan Passenger Plane Over Legal Dispute
Trans Adriatic Pipeline : A New Cooperation Format Between EU, Turkey And Azerbaijan Trans Adriatic Pipeline : A New Cooperation Format Between EU, Turkey And Azerbaijan
French Baker Wins Deportation Battle For His Apprentice French Baker Wins Deportation Battle For His Apprentice