The International Air Transport Association (IATA) has just released a report estimating the level of damage to the world’s aviation industry from the Covid-19 epidemic.
Previously, this association said that global air traffic demand would grow by 4.1% in 2020. However, according to this organization, the market will shrink and the number of global passengers will decrease.
Changi Airport is empty.
This forecast is based on the assumption that the coronavirus epidemic is mainly concentrated in China.
These are challenging times for the global air transport industry.
As the country suffering the heaviest losses, China is also using a number of measures to `rescue` its aviation industry.
According to Bloomberg, the Chinese government will take over HNA Group Co.
Currently, airlines are making difficult decisions to cut capacity.
In Vietnam, statistics from the Ministry of Transport show that stopping Chinese routes caused Vietnamese airlines to lose 400,000 passengers a month, with an initial loss of more than 10,000 billion VND.
In particular, Vietnam Airlines alone estimates that by July, the loss will reach nearly 200 million USD (more than 4,500 billion VND).
Speaking to VnExpress, a Vietnam Airlines representative said that flights to tourist destinations have almost no passengers.
