85% of global airlines to go bankrupt by year-end: Council

85% of global airlines to go bankrupt by year-end: Council

Emirates and Etihad Airways believe it could take 3 years for air travel demand to return to normal levels.. The aviation industry, which supports 65.5 million jobs around the world, including 10.5 million people employed at airports and by airlines, and contributes $2.7 trillion in world economic activity, will�take three years to return to operational levels seen just before the Covid-19 pandemic broke out, global aviation bodies and leading airlines said.. While two of the leading international carriers from the UAE - Emirates and Etihad Airways - believe it could take three years for air travel demand to return to levels seen just before the Covid-19 pandemic broke out,�Airports Council International (ACI) World and the International Air Transport Association (Iata) said the current state of the global air transport industry risks the loss of millions of jobs.. Lasting restrictions like 14-day quarantines, testing, and social distancing will impact demand and operations," they said.. As the Covid-19 pandemic continues to unfold, airports and airlines around the world are engaged in a battle to sustain essential operations and to preserve jobs," ACI-Iata joint statement said.. Iata has predicted that global�airlines are expected to lose $314 billion in ticket sales this year, a�fall