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Covid-19 : Aviation Industry To Lose N160bn, 22,200 Jobs To Coronavirus

Covid-19 : Aviation Industry To Lose N160bn, 22,200 Jobs To Coronavirus

Submitted by • March 20, 2020 www.newsadmire.com

The disruption to air travel due to the continued spread of coronavirus will cost Nigeria’s aviation industry over N160.58bn (using Bureau de Change rate of N370 to $1) ($434m) in revenue and 22,200 jobs, the International Air Transport Association has said.

IATA said on Thursday that the country would also lose approximately 2.2 million passengers.

The association, an umbrella body for 290 airlines globally, had in early March projected 853,000 losses in passenger volumes and $170m loss in base revenues in Nigeria if the spread of COVID-19 continued.

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