TIWN
New Delhi, April 25 (TIWN) With the coronavirus crisis bringing global aviation industry to a halt, as many as 29.32 lakh jobs are likely to be at risk in India's aviation sector during the year 2020, according to a report by International Air Transport Association (IATA).
The report also said that the revenue of the sector in India may fall by $11,221 million this year compared to 2019. Further, the passenger demand is likely to fall by 47 per cent in the country, it showed. Conrad Clifford, IATA's Regional Vice President for Asia-Pacific, said that airlines in the region face a liquidity crisis with a $61 billion cash burn in the second quarter of 2020. "We have seen the first airline casualty in the region. There will be more casualties if governments do not step in urgently to ensure airlines have sufficient cash flow to tide them over this period," he said.
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