On Wednesday, United announced that it would put 16,370 of its staff on involuntary and indefinite leave in early October, unless the government extends the CARES act, which has provided financial assistance to airlines suffering since March. facing airlines in the United States, a recent report through the International Airports Council revealed that civil aviation around the world faces existential risk in the context of a 60% drop in passenger traffic and airport revenue from the projected baseline.
The report indicates that air traffic is the cornerstone of airport activity, with 95% of revenue from two resources: aviation and non-aeronautical facilities; virtually all of the former come directly from traffic, such as passenger and aeronautical rights, as well as from aviation-related auxiliary facilities such as ground assistance. As a result of the catastrophic decrease in the number of passengers passing through airports, the pandemic, these revenue source resources have evaporated. This is expected to have significant monetary implications for airports. namely, given the uncertainty of the procedure on the traffic recovery track.
Before the pandemic broke out, the AIT forecast 9. 4 billion passenger movements through 2020 and this figure has now been revised down to just 3. 8 billion due to the crisis, a low of 59. 6%. . a pre-pandemic baseline projection of $ 171. 9 billion to $ 67. 4 billion. The effect will be slightly less severe in the Asia-Pacific region, which is expected to see a painful 55% decline.
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