The coronavirus pandemic is expected to impact more than 29 lakh jobs in the Indian aviation and dependent industries, as per The International Air Transport Association (IATA) latest estimates for India.
India has been under strict lockdown which started from March 22, the air passenger traffic has declined 47 per cent.
Besides, the grouping noted that the revenue impact for airlines operating to and from the Indian market would be USD 11.221 billion (over Rs 85,000 crore), this compared to the passenger traffic in 2019.
The “passenger demand impact (origin destination volumes)” is a fall of more than 8.97 crore. All the figures 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 and SpiceJet.
On April 14, IATA said COVID-19 crisis would see global airline passenger revenues drop by USD 314 billion this year, a fall of 55 per cent 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.
These estimates are based on a scenario of severe travel restrictions lasting for three months, with a gradual lifting of restrictions in domestic markets, followed by regional and intercontinental, as per IATA report.