IATA predicts 52% reduction in passenger demand following US FAA’s downgrading of Mexico’s safety rating

    IATA predicted US FAA‘s downgrading of Mexico‘s air safety rating to Category 2 will result in a 52.2% reduction in passenger demand, leading to a USD467 million loss in national income (americaeconomia.com, 02-Jun-2021). The industry body forecast losses of USD254 million due to a lack of tax generation from ticket and fuel sales. The estimates are based on the assumption that the downgrading lasts for a similar period of time to the previous category degradation in 2010.

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