Browsing: Losses for aviation industry

Africa’s GDP supported by aviation could fall to $35bn

Africa’s aviation could lose up to $35 billion according to data from the International Air Transport Association (IATA) compared to its previous estimates of a $28 billion decline.

This is due to the worsening of the impact of Covid-19 on Africa’s aviation industry and economies since IATA’s previous assessment in April.

According to IATA, job losses in aviation and related industries could increase by up to 3.5 million. This is more than half of Africa’s 6.2 million aviation-related employment and 400,000 more than the previous estimate.

The whole of 2020 traffic is expected to plummet by 54 per cent which is more than 80 million passenger journeys compared to last year’s estimated fall of 51 per cent.

”Covid-19 has devastated African economies and brought air connectivity across the continent to a virtual standstill. And the situation is getting worse. The economic consequences resulting from a disconnected continent are severe. Millions …