6 May 2020:In order to help support the airlines get financial assistance the Airports Council International (ACI) World and IATA have joined hands to call on the governments to help airport operators and airlines during the unprecedented COVID-19 crisis and support the essential connectivity the industry will provide for economic recovery.
Currently the entire industry has come together to make sure that the air cargo operations vital to supporting global supply chains, including medical shipments critical to fighting COVID-19 continue to work unhampered. But there are government imposed restrictions to stop the virus spread.
COVID-19 losses to the aviation industry:
- Passenger demand has plummeted to unprecedented levels.
- Revenues are falling beyond the ability of even the most extreme cost-cutting measures to mitigate.
- Airports and airlines continue to face a financial liquidity crisis.
- Current state of the global air transport industry risks the loss of millions of jobs.
The economic impact of the government measures on all involved in the global air transport industry has been severe. The aviation industry supports 65.5 million jobs around the world, including 10.5 million people employed at airports and by airlines, and supports USD 2.7 trillion in world economic activity.