Airlines are expecting to continue hiring over the next year, as capacity and traffic are expected to grow further, though the pace of expansion is slower than 2018, according to the International Air Transport Association.
IATA estimates that total employment by airlines will reach close to 3mn in 2020, a gain of 1.6% compared to 2019.
Productivity is likely to be sustained, with the average employee generating 545,000 available tonne kilometres (ATKs) a year, which is a 2.9% improvement over this year.
Wages and jobs will rise as employees share the benefits of improved performance.
However, having declined or been stable in recent years, unit labour costs are now rising, which is one of the reasons behind the on-going squeeze on airline profit margins.
The jobs being created are not just productive for their airline employers; they are also highly productive for the economies in which they are employed.
We estimate that the direct gross value added (GVA) for national economies, generated by the average airline employee, will rise 4.5% this year to around $103,000 a year, which is well above the economy-wide average.
Additional jobs in the airline sector will raise average levels of productivity in the economy.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Founder of S Korea’s Lotte business dynasty dies at 97
ICC Qatar to hold seminar on fighting money laundering, terror financing
Commercial Bank participates in first Blockchain Open Account Trade Finance Trial on Marco Polo platform
Qatar’s Industrial Production Index witnesses 3.8% decline in November
QIB recognised as ‘Best Islamic Bank in Qatar’
New e-system to apply for building permits to boost Qatar's construction sector: Ezdan
QNB focuses on Southeast Asia to expand
Qatar shares edge higher to surpass 10,700 level
Qatar’s GDP is estimated to reach $237bn by 2024: FocusEconomics