Over 800,000 jobs in airline industry at risk in MENA region

istock/Marcus Millo

The International Air Traffic Association is urging governments to provide state aid to their airlines.

Globally, airlines are facing a liquidity crisis and hundreds of thousands of jobs are at risk because of the coronavirus outbreak.

IATA Middle East Vice President Muhammad Ali Albakri says that even the most drastic cost cuts were being outstripped by falling revenue.

He said more than 800,000 jobs were directly at risk across 10 Middle East and North Africa countries including the United Arab Emirates, Saudi Arabia and Morocco.

The epidemic, which has killed more than 8,000 globally, has seen many airlines warn they may not survive the crisis.

IATA estimates the epidemic has cost Middle East airlines $7.2 billion in revenue as of March 11 with 16,000 flights cancelled since January.
 
The industry body is proposing direct state financial support, loans and loan guarantees and tax relief.

More from Business

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!