Aviation industry burns 250,000 euros – per minute

The aviation industry has been in a serious crisis since the coronavirus spread. Now the airline umbrella association has presented new figures – and these make one sit up and take notice.

Around 250,000 euros per minute – that is how much money airlines around the world are likely to lose in the second half of the year if flight operations continue to be shaken by travel restrictions, warns the airline umbrella organization (IATA). He expects losses of $ 77 billion (around 65 billion euros) for the entire six months.

In the coming year, too, the numbers are likely to be in the red, according to the association’s forecast presented on Tuesday in Geneva. He doesn’t expect profits again until 2022.

“The crisis is deeper and lasts longer than we could imagine,” said IATA boss Alexandre de Juniac. “We have to sound the alarm again today.” According to the association, 4.8 million jobs are at risk in the airline industry. The aid programs soon expired.

Association calls for further help

The association called on governments to take further support measures. State aid, including short-time work benefits, tax rebates and other subsidies, have so far amounted to 160 billion dollars, according to IATA.

IATA calls for rapid corona tests at airports so that travelers can fly carefree and quarantine measures in destination countries become superfluous. According to IATA, the association includes 290 airlines, which together cover 82 percent of air traffic.


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