March 19, 2020
- IATA, airlines will need aid of up to 200
billions of dollars to recover from the emergency
- The association urges the governments of Africa and the Middle East
to support the region's struggling air carriers
to survive the Covid-19 crisis
- According to the International Airline Association
IATA, to support the impact of the coronavirus emergency on their
companies in the sector will need, on a
receive aid of up to 200 billion dollars. The estimate
economic damage to airlines caused by the spread of
worldwide contagion was announced today
International Air Transport Association as part of a
appeal to the governments of Africa and the Middle East
East to support airlines operating
in the region and struggling to survive because of the drastic
demand for air travel as a result of the Covid-19 crisis.
- "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.
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail