The latest estimates from the
International Air Transport Association (IATA) indicate a worsening of the
country impact from the COVID-19 crisis in the Asia Pacific region.
On 14 April 2020, IATA released
updated analysis showing that the COVID-19 crisis will see global airline
passenger revenues drop by US$314 billion in 2020, a 55% decline compared to
2019. Airlines in Asia Pacific will see the largest revenue drop of US$113
billion in 2020 compared to 2019 (-US$88 billion in 24 March estimate), and a
50% fall in passenger demand in 2020 compared to 2019 (-37% in 24 March
estimate). These estimates are based on a scenario of severe travel
restrictions lasting for three months, with a gradual lifting of restrictions
in domestic markets, followed by regional and intercontinental.
"The situation is deteriorating. Airlines
are in survival mode. They face a liquidity crisis with a US$61 billion cash
burn in the second quarter. We have seen the first airline casualty in the
region. There will be more casualties if governments do not step in urgently to
ensure airlines have sufficient cash flow to tide them over this period,"
stated Conrad Clifford, IATA's Regional Vice President, Asia-Pacific.
He identified India,
Indonesia, Japan, Malaysia, the Philippines, Republic of Korea, Sri Lanka and
Thailand as priority countries that need to take action.
"Providing support for airlines
has a broader economic implication. Jobs across many sectors will be impacted
if airlines do not survive the COVID-19 crisis. Every airline job supports
another 24 in the travel and tourism value chain. In Asia-Pacific, 11.2 million
jobs are at risk, including those that are dependent on the aviation industry,
such as travel and tourism," he
further stated. "Airlines continue to perform an important
role currently with the transport of essential goods, including medical supplies,
and the repatriation of thousands of people stranded around the world by travel
restrictions. And after the COVID-19 pandemic is contained, governments will need airlines to
support the economic recovery, connect manufacturing hubs and
support tourism. That's why
they need to act now – and urgently - before it is too late.”
(source: IATA, photos: GMR)
Details of the latest country impact
are given below.
|
|
Percentage
change in passenger demand (2020 vs 2019)
|
Passenger
demand impact (origin-destination volumes - 2020 vs 2019)
|
Revenue impact (US$, millions - 2020 vs
2019)
|
Potential
jobs impact (2020 vs 2019)
|
|
Australia
|
-51%
|
-50,510,000
|
-14,255
|
-362,100
|
|
Bangladesh
|
-48%
|
-5,541,000
|
-1,073
|
-61,900
|
|
Brunei Darussalam
|
-50%
|
-605,000
|
-114
|
-8,500
|
|
Cambodia
|
-45%
|
-5,390,000
|
-866
|
-770,000
|
|
Fiji
|
-51%
|
-1,158,000
|
-305
|
-65,100
|
|
India
|
-47%
|
-89,764,000
|
-11,221
|
-2,932,900
|
|
Indonesia
|
-49%
|
-59,756,000
|
-8,225
|
-2,069,000
|
|
Japan
|
-50%
|
-93,862,000
|
-22,625
|
-585,900
|
|
Laos
|
-51%
|
-1,618,000
|
-220
|
-23,800
|
|
Malaysia
|
-51%
|
-33,513,000
|
-4,236
|
-220,500
|
|
Maldives
|
-51%
|
-2,747,000
|
-639
|
-37,200
|
|
Myanmar
|
-48%
|
-4,377,000
|
-691
|
-245,200
|
|
Nepal
|
-51%
|
-3,422,000
|
-522
|
-229,900
|
|
New Zealand
|
-50%
|
-12,865,000
|
-3,388
|
-170,100
|
|
Pakistan
|
-52%
|
-9,866,000
|
-1,829
|
-259,400
|
|
Philippines
|
-47%
|
-28,852,000
|
-4,481
|
-548,300
|
|
Republic of Korea
|
-52%
|
-59,219,000
|
-10,755
|
-371,200
|
|
Singapore
|
-48%
|
-23,897,000
|
-6,732
|
-169,000
|
|
Sri Lanka
|
-58%
|
-4,049,000
|
-715
|
-408,200
|
|
Thailand
|
-52%
|
-55,562,000
|
-8,289
|
-2,167,000
|
|
Vietnam
|
-45%
|
-31,902,000
|
-4,347
|
-989,500
|
