Low demand due to the ongoing outbreak of the coronavirus will affect revenue for the airline industry and, ultimately, flight capacity for travelling passengers.
The sharp downturn in demand will naturally have a financial impact on airlines – particularly severe for those exposed to the China market. Global traffic will be reduced by 4,7% and cause the first overall decline in demand since the SARS crisis of 2003.
“These are challenging times for the global air transport industry,” says Alexandre de Juniac, Iata dg and ceo. “Airlines are making difficult decisions to cut capacity and, in some cases, routes.”
Iata has revised its initial growth estimate for airlines in the Asia-Pacific region from an increase of 4,8% to a 13% full-year loss in passenger demand for the year.
Asia-Pacific carriers could lose up to US$27,8 billion (R420bn) in revenues this year. Carriers outside Asia-Pacific stand to lose revenues of $1,5 billion (R22bn), assuming the loss of demand is limited to markets linked to China.
Iata assures passengers that cabin air is filtered, aircraft are cleaned in line with global standards, key airports have implemented temperature screening for travellers, and airline staff and crew are trained to deal with the rare case of a passenger presenting with symptoms of infection.
“If you are sick, don’t travel. If you have flu-like symptoms, wear a mask and see a doctor. And when you travel, wash your hands frequently and don’t touch your face. Observing these simple measures should keep flying safe for all,” said Dr. David Powell, Iata’s medical adviser.
