Coronavirus
A poll released on Wednesday by the International Air Transport Association indicates that a majority of airlines are planning to lay off staff in the next 12 months due to the Covid-19 crisis.
The air transport sector has been hit hard by the coronavirus crisis with almost all of the aircraft fleets grounded and tens of thousands of jobs being cut.
–KEYSTONE
–
A majority of airlines are considering workforce reductions in the next twelve months due to a resumption of air traffic hampered by uncertainties related to Covid-19, according to a survey published on Wednesday by the International Air Transport Association ( Iata).
–
“The majority (55%) of airline executives surveyed expect to have to downsize in the next 12 months” due to traffic that will remain low in the near term, Iata said in a statement. release, according to a questionnaire on the confidence of company executives sent to more than 300 airlines around the world.
–
45% of executives said they have already reduced their workforce due to the impact of the Covid-19 crisis on the air transport sector.
–
57% of them expect their profitability to decline over the next 12 months and believe that ticket prices could fall due to the weak recovery in demand. 19% are counting on a gradual increase in prices once the balance between supply and demand is found.
–
Not before 2024
The Iata, which brings together 290 airlines, is counting on a return of pre-crisis air traffic in 2024 and estimates the fall in traffic in 2020 at 63% compared to 2019 with a shortfall of $ 419 billion for the sector, due to the coronavirus crisis.
–
Asia Pacific and Europe should be the first to regain traffic to 2019 levels, while North America and Latin America should experience a slower return to normal than elsewhere, according to the Iata.
–
The air transport sector has been hit hard by the coronavirus crisis with almost all of the aircraft fleets grounded and tens of thousands of jobs being cut. The American United has announced that it could fire up to 36,000 employees. American Airlines cited the figure of 25,000 cuts.
–
The German Lufthansa wants to cut 22,000 jobs, Air Canada 20,000, British Airways 12,000, Air France-KLM up to 12,500, the Australian Qantas 6000, the Scandinavian SAS 5000, the British EasyJet 4500. LATAM, the largest company in Latin America, has announced the loss of 2,700 jobs and is placed, like the Colombian Avianca, under the protection of the American bankruptcy law.
–
Bankruptcy filing
In bankruptcy, the Australian giant Virgin Australia is in the process of being acquired by an American company and announced Wednesday that it would close one of its subsidiaries and cut 3,000 jobs.
–
Britain’s Virgin Atlantic has filed for bankruptcy in the United States and has already announced the cut of 3,000 jobs.
–
(ATS / NXP)
–
:strip_exif()/i/2003741424.jpeg?resize=150%2C150&ssl=1)