Iata has predicted 5.6 million jobs and $378 billion in GDP will be at risk if European carrier’s passenger demand is 46% of that in 2019.
It has predicted the UK specifically will have 113.5 million fewer passengers, resulting in $21.7 billion revenue loss and risking almost 402,000 jobs.
This is more bleak than the outlook for Spain, Germany, Italy and France.
Iata is asking European governments for tax relief, loans, guarantees, support for corporate bonds, and a temporary amendment to the EU261 regulation, which puts stringent rules on passengers refund rights.
