Asia Pacific airlines hardest hit by COVID-19 crisis

Monday, 20 July 2020 00:00 - - {{hitsCtrl.values.hits}}

IATA has reported that airlines in the Asia Pacific region will be the hardest hit by the COVID-19 crisis, with losses expected to be $ 29 billion for 2020. That is more than a third of the $ 84.3 billion industry losses globally.

The Asia Pacific region was the first region to feel the brunt of the COVID-19 crisis. The region’s airlines will see passenger demand, measured in revenue passenger kilometres (RPK), collapse 53.8% this year, while capacity, available seat kilometres (ASK), will be reduced by 39.2%.

“2020 is the worst year in aviation history and airlines are in survival mode. The carriers in Asia-Pacific will experience the largest losses at $ 29 billion. That’s a loss of $ 30.09 per passenger. In this bleak outlook, the priority is for the region’s governments to facilitate the restart of air connectivity in line with the International Civil Aviation Organization’s Take-off guidance and principles,” said IATA Regional Vice President for Asia Pacific Conrad Clifford.

“It will take a few years for the industry to get back to 2019 levels of activity. In the interim, governments will need to continue providing financial relief and assistance to airlines as well as flexibility in slot usage. We are also working with airports and air navigation service providers to identify areas of cooperation with a view to reducing costs for airlines.”

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.