Independent journal on economy and transport policy
14:03 GMT+1
This page has been automatically translated by Original news
IATA, airlines will need aid of up to 200 billion dollars to recover from the emergency
The association urges the governments of Africa and the Middle East to support air carriers in the region struggling to survive the Covid-19 crisis
March 19, 2020
"Stop the spread of the Covid-19," explained the Ceo and CEO of IATA, Alexandre de Juniac -- is the highest priority of governments, but they need to be aware that the health emergency has now turned into a catastrophe for the public authorities. economy and air transport. The scale of the current crisis industry is much worse and much more widespread than those 9/11, SARS or the global financial crisis of the 2008. Airlines are struggling to survive. In Africa and Middle East many routes have been suspended and on the remaining ones airlines have seen demand fall by as much as 60%. Millions of jobs are at stake, de Juniac pointed out. Work. Airlines need government action urgent if they want to emerge from all this in useful conditions to help the world recover once they beat Covid-19."
The IATA specified that, despite the carriers of the region are implementing broad cost-cutting measures mitigating the financial impact of coronavirus, however, due to flight bans and travel restrictions international and regional revenues, airline revenues are precipitation, also overcoming the effect of drastic measures cost-cutting by the companies. In the region, with cash reserves averaging about two months - pointed out the association - airlines are in crisis of liquidity and survival.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
"Stop the spread of the Covid-19," explained the Ceo and CEO of IATA, Alexandre de Juniac -- is the highest priority of governments, but they need to be aware that the health emergency has now turned into a catastrophe for the public authorities. economy and air transport. The scale of the current crisis industry is much worse and much more widespread than those 9/11, SARS or the global financial crisis of the 2008. Airlines are struggling to survive. In Africa and Middle East many routes have been suspended and on the remaining ones airlines have seen demand fall by as much as 60%. Millions of jobs are at stake, de Juniac pointed out. Work. Airlines need government action urgent if they want to emerge from all this in useful conditions to help the world recover once they beat Covid-19."
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
