NEW DELHI : The passenger demand for air travel will contract by 49% this year for Indian carriers in comparison to last year due to the COVID-19 crisis, said global airlines body IATA on Monday.
In a statement, the International Air Transport Association (IATA) said the Indian carriers’ revenues will decrease by $11.61 billion this year in comparison to last year due to the pandemic.
It said the airlines of the Asia-Pacific region will see passenger demand collapse by 53.8% this year in comparison to last year.
The passenger demand or RPK (revenue passenger kilometers) for a flight is calculated by multiplying the number of passengers sitting in the flight to the distance travelled by that flight.
