COVID-19: Airlines, airports may lose $523 billion

COVID-19: Airlines, airports may lose $523 billion

Abdul Basit: The Airports Council International (ACI) World and the International Air Transport Association (IATA) on October 13 repeated a call to drop quarantine for international passengers and rather use testing as a way to securely re-open borders as airports and airlines are expected to lose almost Dh2 trillion in revenues this year because of the Covid-19pandemic. 

Details from ACI World and IATA indicated that airports and airlines will lose $104.5 billion and $419 billion, separately, totalling $523.5 billion (Dh1.921 trillion) in 2020. 

Securely resuming borders without quarantine by utilising a planned way to deal with testing would help the whole economy and be an income life saver for carriers and air ports, the two aviation bodies said on October 13. 

ACI and IATA are aligned in calling for dire government activity to present far reaching and facilitated testing of travelers to empower quarantinenecessities to be eliminated. Without this