The International Air Transport Association ( IATA ) is reminding governments across Latin America and the Caribbean to consider urgent relief measures for airline , as they continue to confront the COVID-19 crisis .
“ The necessary response to contain this public health emergency has in turn produce an economic crisis . While we fully understand the need for the measure instigated to fight the computer virus , governance call for to mitigate the effects . A nonstarter of the airline sphere risks connectivity , prolongs the pain sensation for employees across the traveling value chain and hampers the socio - economic recuperation , ” said Peter Cerdá , IATA ’s Regional Vice President for the Americas .
IATA unloose an updated analysis depict that the COVID-19 crisis will see airway passenger taxation drop by US$ 314 billion in 2020 , a 55 % decline liken to 2019 . On 24 March IATA had count on US$ 252 billion in lost revenue ( -44 % vs. 2019 ) , based on a scenario with severe travel restrictions lasting three months .
The updated figure muse a substantial deepening of the crisis since then , and are free-base on the watch parameters :
Full - year passenger requirement ( domestic and external ) is expected to be down 48 % compared to 2019 .
For airlines based in Latin America and the Caribbean this translates into a dip in passenger revenue of US$ 18 billion for 2020 ( the 24 March estimate was US$ 15 billion ) .
break the in style estimate down by nation shows the follow effect on passenger gross per market ( all passenger traffic to , from and within a marketplace ) and corresponding lineal and indirect caper red ink per land :
With this scenario in idea , IATA is asking government activity to see :
“ The impact on airlines in the region for this crisis retain to be brutal . rider dealings has grind to a arrest and revenue streams have dry out up . No amount of cost cutting will make unnecessary airlines from a liquidity crisis that is imminent and severe . This will have detrimental effects on countries ’ economies and jobs . Governments must behave fast , ” said Cerdá .
IATA is also renewing its call for the align coming among governments to keep air cargo flowing . wait in permit approvals , quarantine cadence for air shipment crew and not enough support on the ground continue to hamper the movement of cargo flights carrying life-sustaining medical supplies and other necessities .
“ The pause of rider flights has led to the personnel casualty in available cargo capacity . This is peculiarly decisive across Latin America and the Caribbean where , in many cases , no alternative means of tape transport exist . Airlines are providing as much capability as they can , but governments need to step up and ensure that lively provision lines remain open and efficient , and that there is adequate infrastructure and support available in the air and on the earth , ” aver Cerdá .
There are still too many examples of wait in get charter permits issued , a want of granting immunity on COVID-19 examination for melodic line cargo crew , and inadequate ground substructure to / from and within airport environments . Air loading needs to move efficiently throughout the entire supplying range of mountains to be effective . We recommend governments to :
moreover , IATA cue governments of the need to cooperate with the industriousness in the organization of repatriation flight . As moulding were close and flight suspended , many people were stranded outside their home country or country of residence . air hose have performed more than 2,500 repatriation flights to and from the part helping some 400,000 maroon citizen . While the requests for such flight have strike , there is still the occasional need for these .
“ As an industry we can take pride in the way airlines respond to governments ’ requests to repatriate citizen . Many of these flight of stairs have been a logistical challenge and we have seen airlines serve name and address in Latin America and the Caribbean which they had never flown to before . coaction across the entire travel value chain was essential and we desire that we can count on governments in the part to support such flight as and when needed , ” tell Cerdá .
Aviation across Latin America and the Caribbean :
Source : IATA / Oxford Economics / Full country reports can be viewed and downloadedhere .
The presentation can be downloaded from the followinglink .
The transcription of the regional insistence briefing can be downloadedhere .
For more information : IATAwww.iata.org
