Aviation industry fears millions of job losses
Industry bodies have said even more needs to be done to protect livelihoods
Airports Council International (ACI) World and the International Air Transport Association (IATA) have once again called on the governments of the world to assist airport operators and airlines amid the current crisis.
As the economic ramifications of the pandemic continue to rage on, the industry bodies explained that millions of aviation jobs are at risk. The aviation industry supports 65.5 million jobs around the world, including 10.5 million people employed at airports and by airlines, and supports US$2.7 trillion in world economic activity. With more and more airlines announcing furloughs or layoffs, coupled with IATA’s estimation of a $314 billion drop in revenues this year, the bodies have suggested a range of support measures.
ACI World and IATA are calling for taxation relief, including alleviation of payroll taxes, corporate taxes, concession fees or other government incomes from the industry. It has also suggested loans, loan guarantees or direct support to maintain financial liquidity across the aviation ecosystem.
“The financial impact of the current crisis is unlike anything we have ever seen and requires urgent action by governments to assist the aviation industry to protect jobs, ensure essential operations, and plan for recovery,” said ACI world director general Angela Gittens.
“Urgent tax relief and direct financial assistance that is to the benefit of the entire aviation ecosystem is needed to help preserve millions of jobs, protect essential operations, and foster a balanced recovery. Preserving the continuity of operations for airports and airlines and protecting aviation jobs today will result in a faster economic recovery tomorrow.”
Elsewhere in the travel industry, the World Travel & Tourism Council has said that up to 100 million travel & tourism jobs are at risk.