More job losses expected as airlines downsize with demand fall – ZAWYA

More job losses expected as airlines downsize with demand fall – ZAWYA

More job losses expected as airlines downsize with demand fall | ZAWYA MENA Edition HomeBusinessArticleMore job losses expected as airlines downsize with demand fall It will take 'several years' for industry to fully recover from effects of pandemic, says economist    Image used for illustrative purpose An Airbus A350 XWB aircraft, Airbus's newest plane, taxies after landing for its market survey at Haneda airport in Tokyo November 19, 2014. The aviation industry may not fully recover for years and job losses will continue as airlines resize to cope with the effects of the coronavirus pandemic, experts said.The air travel sector has been hit hardest by the deepening crisis, with revenue losses among global carriers estimated at $314 billion this year. So far, many of the world's biggest players in the business, including Gulf carriers Emirates and Etihad, have cut thousands of employees."The resizing of the industry, following the drop in demand and drop in traffic and revenues, means some significant layoffs and restructuring in many airlines, as we've seen [in many markets]. So, unfortunately, it will probably continue,“ Alexandre de Juniac, director general and CEO of the International Air Transport Association (IATA) said on Wednesday.The air travel sector has been