GENEVA - Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the International Air Transport Association said, citing an internal survey.
Some 45 per cent reported having already reduced their staff numbers in the second quarter of 2020 due to cost-cutting measures following the Covid-19 pandemic. Some 19 per cent expect to see a gradual increase in fares once the balance between supply and demand is restored.It expects air traffic to return to pre-crisis levels in 2024 and estimates that traffic will fall by 63 per cent in 2020 compared to 2019, with a shortfall of $419 billion in the sector due to the coronavirus crisis.
The aviation sector has been hit hard by the crisis, with almost all aircraft fleets grounded and tens of thousands of jobs lost.
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