Airlines to lose $2bn to COVID-19, says IATA - News Summed Up

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Airlines to lose $2bn to COVID-19, says IATA


It made this recommendation in a statement titled ‘Unblocking Bottlenecks in Financial Relief Critical for Survival of Air Transport in Africa’ which was issued on Wednesday. It said airlines were expected to lose $2bn in 2020 as a result of COVID-19 pandemic. It also observed that the failure to grant the industry financial relief could put up to 3.3 million jobs at risk. IATA revealed that the governments of some sub-Saharan Africa including Rwanda, Senegal, Côte D’Ivoire and Burkina Faso pledged a total of $311m in direct financial support to air transport. He said, “Over $30bn in financial support has been pledged to aviation and tourism in Africa.


Source: Punch July 30, 2020 01:52 UTC



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