Categories: Business

Passenger demand for air travel to fall by 49% in India says IATA


aviation sector

new Delhi. The Kovid-19 crisis and its associated lockdown have broken the back of the Indian aviation sector. IATA, an international association of aviation companies, estimates that by 2020 there will be a 49 percent drop in the number of air passengers in the country. The International Air Transport Association (IATA) said on Monday that the revenues of Indian airlines in 2020 will be $ 11.61 billion less than the previous year. The report forecast a 53.8 percent drop in air travel demand in the Asia-Pacific region.

IATA Regional Vice President (Asia-Pacific) Conrad Clifford said, "This is the worst year in the history of the aviation sector and the airlines are somehow saving survival." Aviation companies in the Asia-Pacific region will suffer the largest loss of $ 29 billion. This is a loss of $ 30.09 per passenger. "Clifford said," It will take a few years for the aviation industry to return to 2019 levels. " Domestic passenger flights resumed from. However, international flights are still banned in the country.

This post was published on July 13, 2020 9:34 pm

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