The cancellation of flights of $ 2 billion damaged the country’s economy

The full suspension of commercial flights over Iran from June 1 to July 6, which lasted for two days, imposed damage to the country’s economy for more than 2 billion tomans and revealed structural weaknesses in two key aviation and tourism industries.

According to the attachment report; This unprecedented interruption, which led to a complete halt from ticket sales and airport services, caused $ 5 billion a day to damage the aviation industry. This liquidity shock faced serious crisis in providing its fixed costs, such as salaries, fuel and maintenance.

The cancellation of more than 2 daily flights, in addition to stopping passenger and cargo traffic, disrupted the supply chain of spare parts and fuel contracts. This led to delay in fleet maintenance and increased emergency costs. In the meantime, the Airport Handling Companies faced a 5 % decrease in revenue, which resulted in a 2 to 5 percent adjustment of specialist human resources in this sector; An event that threatens the quality of service in the future.

Also, the redirection of passing flights and the use of alternative routes increased the cost of fuel for companies by between 5 % and 5 %.

The tourism industry is not safe from this crisis. High dependence on foreign markets and the inability to repay ticket costs reduced the liquidity of travel agencies by up to 5 %, bringing the industry closer to the “economic death phase”.

The note attached that Amir Reza Etemadi, a member of the Iranian Chamber of Commerce, also mentioned long delays in the repayment of ticket costs to passengers, which has reached more than 5 days and severely weakened public confidence in airlines.

Experts believe the crisis was, above all, a serious warning for policymakers to consolidate the economic foundations of these two vital industries to deal with possible future shocks by managing intelligent management, investing in human and financial infrastructure and diversifying income sources.