IATA: Hong Kong aviation sector needs financial relief
IATA is urging the Hong Kong govt to provide financial relief for the local aviation industry, which is reeling from prolonged civic unrest in the region. The organisation, however, did not provide specifics on the types or recipients of the proposed relief. The Hong Kong aviation and tourism sectors support 330,300 jobs and provide 10.2% of the territory’s GDP, IATA said. “Any further prolongation of the disturbances may induce airlines to more drastically change the amount of services, either in terms of seats and/or frequencies,” IATA warned. IATA said it is confident the aviation industry will recover quickly from the disruptions caused by anti-govt protests, but it described the 15.4% YOY decline in passenger departures from Hong Kong International in August as “unprecedented in major markets.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-10-22/general/iata-hong-kong-aviation-sector-needs-financial-relief
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IATA: Hong Kong aviation sector needs financial relief
IATA is urging the Hong Kong govt to provide financial relief for the local aviation industry, which is reeling from prolonged civic unrest in the region. The organisation, however, did not provide specifics on the types or recipients of the proposed relief. The Hong Kong aviation and tourism sectors support 330,300 jobs and provide 10.2% of the territory’s GDP, IATA said. “Any further prolongation of the disturbances may induce airlines to more drastically change the amount of services, either in terms of seats and/or frequencies,” IATA warned. IATA said it is confident the aviation industry will recover quickly from the disruptions caused by anti-govt protests, but it described the 15.4% YOY decline in passenger departures from Hong Kong International in August as “unprecedented in major markets.” <br/>
