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Australia lost more than A $300 million a day to domestic and foreign airlines

2019-nCoV Special
Source: xkb.com.au
[Economic News]     22 Oct 2020
Nearly a year's "closure" has been effective in helping Australia control Coronavirus. but the latest study by the Australian Business Commission (Business Council Of Australia,) shows that it will cost Australia a daily loss of A $319 million in air travel at home and abroad.
Australia lost more than A 0 million a day to domestic and foreign airlines

Qantas has cut jobs this year. (Image of Australian News Network)

Nearly a year's "closure" has been effective in helping Australia control Coronavirus. but the latest study by the Australian Business Commission (Business Council Of Australia,) shows that it will cost Australia a daily loss of A $319 million in air travel at home and abroad.

Australia's federal government has closed its borders since march, while some states remain open.

The stagnation in the domestic airline industry has caused economic losses of $17 billion over the past seven months, according to BCA analysis. Cuts in international flights cost economic as much as A $61 billion.

"The number of passengers on Australia's busiest routes has plummeted 91 per cent since March because of the state border ," said BCA President Jennifer Westacott. This has hit the airline industry hard and has had a negative chain reaction to the tourism and hospitality industries. "

"A daily loss of $69 million, or $2.1 billion per month, to Australia is caused by. If you add up to $250 million a day and $7.6 billion a month in international aviation losses, we are talking about a huge blow to economic. "

At present, the entire aviation industry has lost thousands of jobs. The unemployed include persons from airlines, airports, catering companies, ground services and transport industries.

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"The safety of Australians remains our top priority ," Westcott said. But states such as the new state have put in place strong systems to deal with virus, so that people can continue their lives safely and freely. "

"If we can agree on a national timetable and a transparent agreement to lift domestic flight restrictions, we will have a stronger and faster recovery. "

"We do not want everyone to be free and open, but we need a highly targeted, deliberate, gradual relaunch based on health advice economic, and a robust, nationally consistent system for immigration, isolation, local containment, and digital tracking. "

BCA called on the national cabinet to issue a plan for domestic travel by December, hoping that Australians meet their families in other states by Christmas. "

According to the analysis, reopening the borders of all states and territories will inject $3.3 billion into Australian economic.

At the same time, BCA urged the reopening of international borders, since most of the losses were due to overseas flights. "The international aviation industry generates about A $100 billion a year, supporting some 515,000 jobs nationwide. We have been granted permission to develop a nationally approved plan that will enable us to accelerate the development of this key industry. "

International travel also brings foreign students. They provide 240,000 jobs across the country and earn $40.3 billion in higher education.

"International visitors, such as tourists, business travelers and short-term students, spend about $5200 per trip to Australia and about $9300 per trip to China. By contrast, Australian domestic vacations cost about A $700. "said Westcott.

"Other countries are opening up the international aviation industry in a way that guarantees the safety of the epidemic. And we can't fall behind and miss the opportunity to build safe travel corridors with other low-risk countries that have good control over virus. This will bring Australia $20.5 billion in revenue in 12 months. "

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