{"id":145,"date":"2023-08-01T08:55:09","date_gmt":"2023-08-01T08:55:09","guid":{"rendered":"https:\/\/onpoint.in\/News\/?p=145"},"modified":"2023-08-17T07:03:14","modified_gmt":"2023-08-17T07:03:14","slug":"latest-news-from-lexship","status":"publish","type":"post","link":"https:\/\/onpoint.in\/news\/latest-news-from-lexship\/","title":{"rendered":"Latest News From Lexship"},"content":{"rendered":"\n
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Would suggest all our sellers to plan their<\/strong> despatch, distribution and Supply Chain<\/strong> for their cross-border orders accordingly, keeping in mind the volatile developments <\/strong>related to COVID-19 virus<\/strong>. The following are the updates and repercussions for the ongoing situation across the world.<\/p>\n\n\n\n

As off today, the scenario outcome is a 19% loss in Air traffic worldwide passenger revenues, which equates to $113 billion. The breakup across the world is as stated, many airlines are cutting capacity and taking emergency measures<\/strong> to reduce costs and stay afloat as they perform the vital task of linking the world\u2019s economies. <\/p>\n\n\n\n

Pls. Note:<\/strong> The actions by airlines to consolidate, prioritise, cancelations, non-availability of passenger and cargo flights is going to spiral into delayed delivery timelines along with non-availability of tracking updates.<\/strong>  Many European Countries (UK, Germany, Italy, Spain, France), USA and Canada have initiated measures to even restrict internal movement within the country<\/strong>.<\/p>\n\n\n\n

MARKET<\/strong><\/td>IMPACT ON PASSENGER NUMBERS<\/strong><\/td> NUMBERS<\/strong>
IMPACT ON PASSENGER REVENUES<\/strong><\/td><\/tr>
Australia, China, Japan, Malaysia, Singapore, South Korea, Thailand, Vietnam<\/td>-23%<\/td>-$49.7 billion<\/td><\/tr>
Rest of Asia Pacific<\/td>-9%<\/td>-$7.6 billion<\/td><\/tr>
Austria, France, Italy, Germany, Netherlands, Norway, Spain, Switzerland, Sweden, the United Kingdom<\/td>-24%<\/td>-$37.3 billion<\/td><\/tr>
Rest of Europe<\/td>-9%<\/td>-$6.6 billion<\/td><\/tr>
Bahrain, Iraq, Iran, Kuwait, Lebanon, the United Arab Emirates<\/td>-23%<\/td>-$4.9 billion<\/td><\/tr>
Rest of Middle East<\/td>-9%<\/td>-$2.3 billion<\/td><\/tr>
Canada and US<\/td>-10%<\/td>-$21.1 billion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Few News References:<\/strong><\/h2>\n\n\n\n