The financial challenge of aviation companies increases as virus cases increase

With the rise in Corona virus cases in Europe and the US, the financial scenario of aviation companies around the world is deteriorating. An association of aviation companies said that the industry would suffer more than $157 billion this year and next year due to the epidemic. This forecast by the International Air Transport Association is higher than the $100 billion loss it had estimated in June.

According to the latest estimates, airlines will incur a loss of more than $66 per passenger this year. However, the business group expects further rapid improvement. They said that travel will increase with the introduction of the Covid-19 vaccine, which will allow airlines to turn profitable from the fourth quarter of 2021. The organization has asked governments around the world to allow people who are not infected with the virus to travel, instead of waiting for the vaccine to arrive.

“We cannot wait for the vaccine, which will not be fully available before mid-2021,” said Union chief Alexandre de Junión. He said that after testing the COVID-19 of passengers, the negatives were sent to Hawaii. Travel should be allowed.