Next three months do-or-die for aviation sector

On Tuesday, the global aviation body has revised its traffic projections for 2020 that show sharper decline in passenger demand – at 66 per cent for the current year – than it had previously estimated. IATA’s earlier decline projection was 63 per cent. The report said that the passenger demand in August continued to be hugely depressed against normal levels. “Based on flight data, the recovery in air passenger services was brought to a halt in mid-August by a return of government restrictions in the face of new COVID-19 outbreaks in a number of key markets,” the report added.

Though Asia Pacific, which has largest share in the global aviation market of 34.6 per cent, was relatively lesser impacted in August in terms of RPKs (revenue passenger kilometers) – which is number of kilometers travelled by paying passengers – as compared to all other markets such as North America, Europe, Middle East, Africa and Latin America.

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