SA airlines set to lose R55 billion in revenue, over 250 000 jobs on the line

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Revenues generated by airlines in the South African market will fall by about R55 billion ($3 billion) in 2020 – 56% below 2019 levels, according to the latest estimates by global airline body the International Air Transport Association.

It is estimated that the fall in revenue puts 252 100 South African jobs at risk, as well as about R93 billion of the country’s gross domestic product (GDP) – the part generated by aviation directly plus air transport-dependent tourism.

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