S&P Global said that coronavirus pandemic could reduce global air passengers by up to 30 per cent in 2020/Bloombergby Bloomberg
Oman Air plans to cut jobs as the COVID-19 pandemic took its toll on the Gulf carrier’s flight schedule.
Abdulaziz Al Raisi, Oman Air’s Chief Executive Officer, said that the state-owned carrier had to reduce flights, suspend routes and park planes in a way that the company had never done before, adding that the airline can no longer sustain the current level of employment.
S&P Global said that coronavirus pandemic could reduce global air passengers by up to 30 per cent in 2020.
Oman Air joins airlines around the globe in reducing headcount after the outbreak prompted countries to shut borders and halt commercial flights. According to the International Air Transport Association (IATA), Middle East airlines had lost $7.2 billion in revenue from the pandemic as of 11 March 2020.
“Those holding positions that are no longer required will be let go but will be welcomed back as the airline resumes operations,” said Al Raisi.
IATA stated that governments must urgently consider providing aid to airlines in the Middle East to help them cope with a liquidity crisis due to the coronavirus outbreak.