Did you see the full video? Did you see the part where he analyses the stupidity of closure of trade by comparing other countries sparring with each other?
Let’s get back to topic under discussion here.
The YouTuber rightly says that, the closure affected 400 flights that used to traverse through your airspace. But, all these 400 weren’t of Indian carriers. They were from other countries too.
What was Pakistan’s losses due to the closure? One direct impact was the decline in revenues for CAA from route navigation and airport charges levied on aircraft overflying or landing in Pakistan. These charges depend on the category of aircraft and distance traversed within Pakistani airspace. For instance, the charge for a Boeing 737 transiting through Pakistani airspace is about $580, and the charge is more for bigger aircraft. If you add losses from charges for terminal navigation, landing and parking of aircraft, the daily losses were in the region of $300,000 for CAA. The combined daily losses of the CAA and PIA – about $760,000 – had resulted in losses of almost $100 million since the airspace restrictions were imposed.
Now that is a lot of money for your economy.
India was losing money only due to losses to the airlines and not due to losses incurred from overflight rights. Indian carriers had lost about USD 80 million till first week of Jul.
Losses of $ 100 mil vs $ 80 mil. I hope, I don’t need to explain, who can easily absorb such losses and who can’t.
Thanks for posting the video. I did some fact check and the exact numbers are available. Now, it is clear objectively, why Paksiatn opened it’s airspace. And why it wouldn’t close it in future.