Bounce Back of Aviation Industry in 2021 Will Create More Jobs

The aviation sector is one of the worst-hit industries during the COVID pandemic in 2020. The major national and international airlines had suffered a huge loss and had to lay off employees, cut some percentage of their salary, and sent them on leave without pay during this challenging time.

Travel restrictions were uplifted from domestic flights during the unlock phase. Scheduled domestic flights were restarted in a limited manner from May 25. As people are stepping to explore the tourist destinations or meet their family and friends, the industry is slowly recovering, giving more hopes to survive for the airlines.

Moreover, with the vaccination rollout from January, the Indian aviation sector is hoping to bounce back quickly. However, analysts of the International Air Transport Association (IATA) has projected that despite the COVID-19 vaccines rolling out worldwide, the recovery of demand for air travel would reach the pre-crisis levels till 2024. IATA expects that if the countries reopen their border by mid-2021, the overall revenues should grow to $459 billion in 2021.

IATA notices a trend that leisure travelers have shifted towards exploring their home country as it is perceived safer. This is a good sign of the improved performance of the aviation industry in 2021. Thus, the domestic markets are expected to perform better than international services.

Various domestic and international airlines had to lay off their staff as they have experienced turbulence in the operations.  As now airlines had restarted the operation with limited flights, the aviation industry is getting back on track.

Six months after the COVID-19 vaccines are rolled out worldwide, it is expected that airlines will restore the majority of their pre-pandemic schedules.  The countries that have controlled the pandemic suggest that people are excited to step out of their houses for vacations. To meet the increased demand for flyers, airlines will add flights faster than they previously expected. This will result in increased demand for cabin, ground staff, and other staff required for the smooth operations of airlines.

News of the revival of Jet Airways has further raised the hope to generate employment opportunities. A consortium of UAE-based businessman Murari Lal Jalan and London’s Kalrock Capital won the bid on October 17 to revive Jet Airways. It is expected that Jet Airways will start operating the airline by the summer of 2021.

The global body, World Travel and Tourism Council’s latest economic forecast expect that as many as 111 million global travel and tourism jobs could be regained in 2021. It believes that a “strong summer of travel” would accelerate job growth, as major travel companies are already reporting a noteworthy rise in bookings.

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