International Air Transport Association warns 25m jobs at risk

On April 7th local time, the International Air Transport Association (IATA) said the new coronarieverything would create instability for 25 million jobs in the global aviation industry. The association also urged governments to help. The warning from the International Air Transport Association is part of a series of information on the state of the airline industry, Reuters reported. In its weekly briefing, the International Air Transport Association highlighted unemployment and the impact of airline failures on the world economy. They say three months of strict travel restrictions, combined with reduced footfall for the rest of 2020, will put 25 million airline-related jobs at risk worldwide.

International Air Transport Association warns 25m jobs at risk

IATA members include Lufthansa, British Airways’ parent company, IAG Group. They all said global air travel fell by 70 per cent in the quarter, meaning airlines with grounded flights and reduced cash could not refund passengers whose flights were cancelled. Airlines faced potential refund requests of $35 billion ($246.7 billion) at the end of the quarter, and they wanted passengers to accept vouchers.

It is reported that airlines are consuming a large amount of cash reserves to make ends meet and will not be able to refund anyone when they are running out of cash reserves. In the United States, a passenger sued United Airlines after his family’s flight was cancelled and no refund was available. The airline declined to comment on the matter, but said it had allowed customers to change plans for free since the crisis began, giving customers more flexibility. The U.S. Department of Transportation has told airlines that they must refund canceled flights after the number of consumer complaints and inquiries has increased. (Overseas Network – Canada – Zhu Fengjie Gao Ning)