IATA: Airlines are close to bankruptcy

Alexander de Juniac, president of the International Air Transport Association (IATA), warned that airlines may need a new round of government support if traffic levels continue to decline due to lockdown measures Associated with Coronavirus.

According to Arabiyanet, Bloomberg News quoted Juniac as saying during the hypothetical Global Flying Festival: a new wave of bankruptcies, and job cuts likely if the hoped-for recovery fails .

Juniac indicated that recovery is only possible if governments adopt Corona detection tests before departure at airports.

IATA is in direct discussions with about 20 countries about the tests, as well as through the International Civil Aviation Organization authorized by the United Nations.

The request could return to 2019 levels earlier than expected, which is the 2023/2024 season, if appropriate measures are taken.

At the beginning of last July, the Federation warned that the continued rise in the number of people infected with the new Corona virus in the United States will destroy the recovery of the aviation and travel industry in the world.

Economic analysts in the Union said that the expected rate of decline in the number of aircraft passengers in the world during the current year, which is 36% now, may rise to 53% if the borders are closed in Emerging markets The current situation continues in the United States, due to the Corona pandemic.

Etihad’s chief economist, Brian Pearcy, said that the aviation recovery had actually slowed during the second half of June, with the number of coronavirus infections returning to the high.

Percy added that he is concerned about the coming months in light of the situation in the United States and emerging countries such as Brazil, where the virus is still spreading rapidly.

and the travel traffic had recorded a slight increase last June, where global travel traffic was 91.3% less than the same month last year, compared to a decline of 94% annually Last April, when most of the world’s countries were at the height of the lockdown measures.

(Amazon fun knowledge)