Many Jobs To Be Affected In Indian Aviation Due To Coronovirus

The coronavirus pandemic is expected to impact more than 29 lakh jobs in the Indian aviation and dependent industries, global airlines’, according to grouping IATA.

All the domestic and international flights in the country have been suspended till 4 May due to the coronavirus threats prevailing throughout the world. This is likely to have a huge impact on Jobs related to these services.

Along with it, dependent industries and services like hotel and tourism might have also seen a big blowdown. Economic growth rate has also declined in these days due to lockdown.

While according to The International Air Transport Association, Asia-Pacific regions are the worst affected due to the pandemic. IATA estimates that in India, pandemic is expected to impact 29,32,900 jobs in the country’s aviation and its dependent industries.

The grouping noted that the revenue impact for airlines operating to and from the Indian market would be USD 11.221 billion (over Rs 85,000 crore) This refers to the fall in passenger revenue compared to 2019.

This data has been recorded by estimating the restrictions imposed on domestic and international flights. Also, Airlines in the Asia-Pacific region would record the largest revenue drop of USD 113 billion in 2020 compared to last year.