How Aviation Job Market Affected by COVID-19 Explained by IATA
Not only the aviation job market, but all the industries are also affected by COVID-19 badly. All the airline stopped their flights from the last 4 to 5 months and some of them trying to survive by reducing their expenditure (like reducing staff and cut off staff salary).
As per IATA and group of global airlines, said that the coronavirus epidemic is expected to affect more than 2.9 million jobs in Indian aviation and dependent industries.
Yes, we know that day by day markets are open and flights are opening their services. But again airlines can’t make that kind of profit. Mostly they operate 20 to 30 percent of their flights.
Also, the epidemic and its subsequent lockdown have significantly affected economic activities, with aviation and tourism in the worst-affected regions.
The International Air Transport Association (IATA) said its latest estimates indicate a worsening of the country’s impact from the COVID-19 crisis in the Asia-Pacific region.
Regarding India, IATA said that the epidemic is expected to potentially affect 29,32,900 jobs in the country’s aviation and its dependent industries.
Because the passenger traffic has declined 47 per cent.
In addition, the grouping stated that the revenue impact for airlines operating from the Indian market would be $ 11.221 billion (more than Rs 10,000 crore).
This refers to the fall in passenger revenue compared to 2019. The “passenger demand impact (origin-destination volumes)” is a fall of more than 8.97 crores.
All the statements are for the period of 2020 so far compared to the whole of 2019.
IATA is a grouping of nearly 290 airlines, including Air India, Vistara, IndiGo NSE -0.32 %, and SpiceJet.
Also, IATA said the COVID-19 crisis would see global airline passenger revenues drop by USD 314 billion this year, a fall of 55 percent compared to 2019.
Airlines in the Asia-Pacific region would record the largest revenue drop of USD 113 billion in 2020 compared to last year.
So, this is the toughest time for the aviation industry. So, If you want to join aviation as a cabin crew or any other position you should wait for a long time.
So, now just get prepaid yourself for the interview. Then when the aviation job market will be open you can apply for that. For aviation job updates you can keep connected with us.
If you have any more query you can contact us or comment below.