Middle East and Africa carriers see revenue losses rise to $30bn as pandemic halts flights – The National

Middle East and Africa carriers see revenue losses rise to $30bn as pandemic halts flights – The National

Middle East and Africa carriers see revenue losses rise to $30bn as pandemic halts flights. Middle East and Africa flight departures fell 95% by the end of the first quarter compared to January 1 this year. The International Air Transport Association (Iata) voiced concern about the continued lack of government aid tailored for Middle East and African carriers, who face estimated revenue losses of $30 billion (Dh110.1bn).. Middle East flight departures have plunged 88 per cent as of May 17 compared to January 1.. The Middle East could see 1.2 million job losses in aviation and related industries, while aviation's contribution to the region's gross domestic product could fall by $66bn from $130bn, according to Iata.. Estimated African carriers' losses from the pandemic stand at $6bn as flight departures fell 94 per cent as of May 17 compared to January 1, Iata said.. "As the industry starts recovering and getting healthy, we don't want them to get hammered with charges and fees that will undermine their ability to recover and move forward," Mr Albakri said.. The trade body is working with 21 nations around the world, including the UAE, to review these measures and suggest recommendations on best practices, Mr