{"id":362703,"date":"2020-07-14T11:21:16","date_gmt":"2020-07-14T05:51:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362703"},"modified":"2020-07-14T11:21:16","modified_gmt":"2020-07-14T05:51:16","slug":"passenger-demand-to-drop-by-50-in-india-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/passenger-demand-to-drop-by-50-in-india-iata\/","title":{"rendered":"Passenger demand to drop by 50% in India: IATA"},"content":{"rendered":"<p>Mumbai: India is likely to witness an almost 50% drop in passenger demand this year as compared to last due to the Covid-19 pandemic, according to the latest forecast released by global airlines trade body, International Air Transport Association. The Asia-Pacific airline industry will account for more than a third of global losses, making it the worst-hit in the world, it added.<br \/>\nIn India, the 49% drop in passenger demand could result in a decrease of 93 million passengers (origin-destination volumes 2020 vs 2019), a drop of USD 11,600 million in revenues (2020 vs 2019) and potentially hit over 3 million jobs in aviation and its dependent sectors, IATA said. Passenger demand is measured in \u2018revenue passenger kilometers\u2019, a metric that multiplies the number of fare-paying passengers with the total distance they travel.<br \/>\n\u201cAirlines in the Asia-Pacific region will be the hardest hit by the Covid-19 crisis, with losses expected to be $29 billion for 2020. This is more than a third of the $84.3 billion industry losses globally,\u201d said the IATA forecast released on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: India is likely to witness an almost 50% drop in passenger demand this year as compared to last due to the Covid-19 pandemic, according to the latest forecast released by global airlines trade body, International Air Transport Association. The Asia-Pacific airline industry will account for more than a third of global losses, making it the worst-hit in the world, it added. In India, the 49% drop in passenger demand could result in a decrease of 93 million passengers (origin-destination volumes 2020 vs 2019), a drop of USD 11,600 million in revenues (2020 vs 2019) and potentially hit over 3 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-362703","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362703","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=362703"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362703\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}