<p>The trade impact of the coronavirus epidemic for India - that is sweeping the world- is estimated to be about the US $ 348 million, according to Association of Private Airport Operators (APAO).</p>.<p>Estimates published by United Nations Conference on Trade and Development (UNCTAD) recently said that the slowdown of manufacturing in China due to the COVID-19 outbreak is disrupting world trade and could result in a $50 billion decrease in exports across global value chains.</p>.<p>In a letter to Civil Aviation secretary Pradeep Singh Kharola, APAO secretary-general Satyan Nayar, the Asia-Pacific region is suffering the highest impact, with passenger traffic volumes down by 24 % for the first quarter of 2020, compared to forecasted traffic levels without COVID-19.</p>.<p>"Against this gloomy background of sharp declines in traffic and passenger throughput, airports' aeronautical revenues and non-aeronautical revenues are rendering similar declines," Nayar wrote.</p>.<p>The ACI World Airport Traffic Forecasts 2019-2040 projects revenue loss owing to COVID-19 to the tunes of US $3 billion, the letter states.</p>.<p>Cancellation of flights by various international and domestic carriers - a measure by airlines to save operational expense in response to muted passenger demand - has impacted the ATM-related revenues for airports, reduced number of passengers has impacted the passenger related revenues.</p>
<p>The trade impact of the coronavirus epidemic for India - that is sweeping the world- is estimated to be about the US $ 348 million, according to Association of Private Airport Operators (APAO).</p>.<p>Estimates published by United Nations Conference on Trade and Development (UNCTAD) recently said that the slowdown of manufacturing in China due to the COVID-19 outbreak is disrupting world trade and could result in a $50 billion decrease in exports across global value chains.</p>.<p>In a letter to Civil Aviation secretary Pradeep Singh Kharola, APAO secretary-general Satyan Nayar, the Asia-Pacific region is suffering the highest impact, with passenger traffic volumes down by 24 % for the first quarter of 2020, compared to forecasted traffic levels without COVID-19.</p>.<p>"Against this gloomy background of sharp declines in traffic and passenger throughput, airports' aeronautical revenues and non-aeronautical revenues are rendering similar declines," Nayar wrote.</p>.<p>The ACI World Airport Traffic Forecasts 2019-2040 projects revenue loss owing to COVID-19 to the tunes of US $3 billion, the letter states.</p>.<p>Cancellation of flights by various international and domestic carriers - a measure by airlines to save operational expense in response to muted passenger demand - has impacted the ATM-related revenues for airports, reduced number of passengers has impacted the passenger related revenues.</p>
