Airlines seek P 8.6B in monthly subsidy

Air Carriers Association of the Philippines , whose members have been bleeding billions of pesos after travel bans and the Luzon lockdown, appealed for aid during an online Senate hearing on Monday, saying it expected losses to continue through 2020.The hearing, presided over by Sen. Grace Poe, was the maiden Senate proceeding held via online videoconference after the chamber adopted new rules in observing safety protocols amid the coronavirus pandemic.

The Acap official pointed to figures from the International Air Transport Association, which estimated losses from Philippine airlines and tourism at $4.48 billion, while job losses could reach 548,300 this year alone. Acap raised the issue on financial support to the Department of Transportation, Department of Finance, Department of Tourism, Department of Trade and Industry and the National Economic and Development Authority in a letter dated March 25.

The assistance is not a “handout at the expense of the Filipino taxpayers” but access to working capital, as airlines have ongoing expenses while main revenue streams have evaporated, Acap said in its letter.At the hearing, Poe said the government should consider suspending the collection of some of the mandatory fees imposed on airline companies to help them recover from the health crisis.

How about give that to DOLE so that formal sector workers can benefit.

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