“Airlines have demonstrated their value in economic and social development in Africa and the Middle East and governments need to prioritize them in rescue packages.” Nigeria Coronavirus Airlines
The temporary restriction of all flights, according to the International Air Transport Association , has the potential to affect at least 3.5 million passengers resulting in a $0.76 billion revenue loss for Nigeria.
Apparently in agreement with the projection, the National Association of Nigerian Air Travel Agencies , recently confirmed the loss of at least 5000 jobs, as airlines struggled to pay March salaries. But the local aviation is not alone in the economic meltdown as the latest IATA scenario for potential revenue loss by carriers in Africa and the Middle East reached $23 billion that is $19 billion in the Middle East and $4 billion in Africa.
The United Arab Emirates has 23.8 million fewer passengers resulting in a $5.36 billion revenue loss, risking 287,863 jobs and US$17.7 billion in contribution to the UAE’s economy. But to minimise the broad damage that these losses would have across the African and Middle East economies, it is vital that governments step up their efforts to aid the industry.
“Airlines are fighting for survival in every corner of the world. Travel restrictions and evaporating demand mean that, aside from cargo, there is almost no passenger business. Failure by Governments to act now will make this crisis longer and more painful.
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