• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Foreign Affairs

Let the virus fly, asks IATA

22nd October 2020 Helen Rush

Let the virus fly, asks IATA Pin It

The aviation sector benefits from open borders and therefore calls for COVID-19 tests to enable more travel. According to IATA, quarantine measures and border restrictions undermine the free movement of persons and thus ‘one of the cornerstones of European Development’. The appeal to ‘European Development’ sounds rather strange for the worldwide body.

Due to the reinforced measures in many countries, IATA has become even more negative about the performance of aviation this year. The organisation is now counting on 340 million passengers by 2020, which would mean a 70% reduction on an annual basis. In 2019, 1.2 billion passengers were counted.

According to the IATA, the collapse of air traffic worldwide has a devastating effect on aviation and on the millions of workers in the sector. According to research, almost 5 million jobs are at risk in the aviation sector, as well as millions of jobs in the travel and tourism industry.

‘It is imperative that governments work together on a plan to relaunch the sector. In the meantime, additional financial support is needed to help the sector through the winter, ” says IATA. Among other things, the organisation advocates mandatory testing before departure, in order to restore confidence.

According to the industry organisation, in the second half of this year, 300,000 dollars per minute are being burned by companies worldwide. Much of the state aid that has enabled companies to remain viable is running out. The prospect of” catastrophic ” job losses is very real, warns the organisation.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

British car manufacturers have…

In Domestic Affairs

British car manufacturers have reasons to fear no-deal Brexit more than lockdown

View Post

Next Post

Euro area PMI confidence index…

In Money Matters

Euro area PMI confidence index is full of cautious optimism

View Post

In IT, Innovation and Startups

Moderna gets permit for a mRNA plant in the UK

View Post

In Money Matters

British consumer confidence at the historically lowest point

View Post

In Foreign Affairs

The ban of Russian gold is likely to boost the price

View Post

Newsletter

Latest News

View

The ban of Russian gold is likely to boost the price

27th June 2022

View

British consumer confidence at the historically lowest point

24th June 2022

View

Moderna gets permit for a mRNA plant in the UK

23rd June 2022

View

Tesco says Brits are buying less and downtrading to manage inflation

20th June 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

Bulat Utemuratov owns an entire garage of sport cars.

In Foreign Affairs

The Great Hunt for the Nazarbayev assets has just begun

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]