{"id":362616,"date":"2020-07-14T10:06:32","date_gmt":"2020-07-14T04:36:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362616"},"modified":"2020-07-14T10:18:05","modified_gmt":"2020-07-14T04:48:05","slug":"asia-pacific-airlines-to-lose-about-29-bn-this-year-due-to-covid-19-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/asia-pacific-airlines-to-lose-about-29-bn-this-year-due-to-covid-19-iata\/","title":{"rendered":"Asia-Pacific airlines to lose about $29 bn this year due to Covid-19: IATA"},"content":{"rendered":"<p>Airlines in the Asia Pacific region will be the hardest hit by Covid-19 crisis with losses expected to be $29 billion for 2020, the International Air Transport Association (IATA) said on Monday. <\/p>\n<p>This is more than a third of the $84.3 billion industry losses globally. The Asia Pacific region was the first region to feel the brunt of Covid-19 crisis. <\/p>\n<p>IATA said the region&#8217;s airlines will see passenger demand measured in revenue passenger kilometres collapse 53.8 per cent this year while capacity in available seat kilometres will be reduced by 39.2 per cent. <\/p>\n<p>&#8220;2020 is the worst year in aviation history and airlines are in survival mode. The carriers in the Asia Pacific will experience the largest losses at $29 billion. That is a loss of $30.09 per passenger,&#8221; said Conrad Clifford, IATA&#8217;s Regional Vice President for the Asia Pacific.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airlines in the Asia Pacific region will be the hardest hit by Covid-19 crisis with losses expected to be $29 billion for 2020, the International Air Transport Association (IATA) said on Monday. This is more than a third of the $84.3 billion industry losses globally. The Asia Pacific region was the first region to feel the brunt of Covid-19 crisis. IATA said the region&#8217;s airlines will see passenger demand measured in revenue passenger kilometres collapse 53.8 per cent this year while capacity in available seat kilometres will be reduced by 39.2 per cent. &#8220;2020 is the worst year in aviation [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-362616","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=362616"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362616\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}