46 Million Aviation Jobs Are at Risk Due to Coronavirus - TheStreet

46 Million Aviation Jobs Are at Risk Due to Coronavirus

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The lockdowns in many countries due to the coronavirus have caused a huge impact in airline industry globally. This has directly affected the jobs supported by the aviation industry.

As per the report from the Air Transport Action Group, 46 million global jobs supported by the aviation industry are at risk due to the COVID-19.

The Geneva-based association that represents all sectors of the airport industry, also added that air travel will not recover to pre-COVID levels until around 2024.

“With the expectation that we will see less than half the passenger traffic this year than we carried in 2019, we know that a lot of jobs in air transport and the wider economy relying on aviation are at risk," said Michael Gill, Executive Director for Air Transport Action Group. "Some companies are already making difficult decisions, with many colleagues being impacted by the downturn."

The burnt of the pandemic might cause the loss of more than 35,000 aviation jobs in the U.S. on Oct. 1, unless Congress acts. A $25 billion bailout package passed by Congress in March prevented airlines from laying off employees through September 30.

As the pandemic continues to severely battered the aviation industry, some U.S. airlines have announced their layoff plans and some even have paused, for the time being.

On August 25, American Airlines  (AAL) - Get Report said that it is laying off 19,000 workers in October.

However, this week, American Airlines CEO Doug Parker said that he was "confident" of bailout extension.

“Our plan is to get Congress and the administration to come together and get a relief bill passed. There is enormous bipartisan support for it,”CEO Parker told CBS.

Jim Cramer also believed that airlines will be protected by Congress and the President.

A new $2.2 trillion stimulus plan unveiled by House Democrats on Monday, also included 'additional assistance for airline industry workers, extending the highly successful Payroll Support Program to keep airline industry workers paid.'

Watch the video above, to know more.

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