Nigerian aviation sector could lose $434m revenue, 22,200 jobs to coronavirus – IATA

The International Air Transport Association (IATA) has noted that the far-reaching economic impact of COVID-19 could cost the aviation industry as much as $434 million (around N159.278 billion) together with massive job cuts in the region of 22,000 in the nearest future.

In patronage terms, the sector stands the chance of recording a shortfall of 2.2 million in passenger volumes, up from the 853,000 projected earlier in the light of the current development, it said on Thursday.

International travel traffic has come under increasing strain in the past few days with government’s embargo on flights to 13 coronavirus high-risk countries notably Italy, the UK, the US and Italy.



By Ronald Adamolekun.
Full story at Ripples Nigeria.