Recovery preparedness of global air transport influenced by COVID-19 pandemic: Policy intervention analysis

Zhu, Chunli; Wu, Jianping; Li, Mingyu; Wang, Linyang; Li, Duowei; Kouvelas, Anastasios

doi:10.1016/j.tranpol.2021.03.009

Cited by 26 publications

(15 citation statements)

References 46 publications

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“… Map-based analysis. Zhu et al (2021) This study looked at how COVID-19 recovery preparedness influenced the global air transport industry. Causal Bayesian Network (CBN).…”

Section: Literature Reviewmentioning

confidence: 99%

Estimating CO2 emissions from emergency-supply transport: The case of COVID-19 vaccine global air transport

Sajid

Ali

González

2022

Journal of Cleaner Production

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The environmental cost of disaster-related emergency supplies is significant. However, little research has been conducted on the estimation of emergency-supply transportation-related carbon emissions. This study created an “emergency supply emission estimation methodology” (ESEEM). The CO 2 emissions from the global air dispatch of COVID-19 vaccines were estimated using two hypothetical scenarios of one dose per capita and additional doses secured. The robustness of the model was tested with the Monte Carlo Simulation method (MCM) based one-sample t -test. The model was validated using the “Expression of Uncertainty in Measurement (GUM)” and GUM's MCM approaches. The results showed that to dispatch at least one dose of the COVID-19 vaccine to 7.8 billion people, nearly 8000 Boeing 747 flights will be needed, releasing approximately 8.1 ± 0.30 metric kilotons (kt) of CO 2 . As countries secure additional doses, these figures will increase to 14,912 flights and about 15 ± 0.48 kt of CO 2 . According to the variance-based sensitivity analysis, the total number of doses (population), technology, and wealth play a significant role in determining CO 2 emissions across nations. Thus, wealthy nations' long-term population reduction efforts, technological advancements, and mitigation efforts can benefit the environment as a whole and the CO 2 burdens associated with current COVID-19 and any future disasters' emergency-supply transportation.

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“… Map-based analysis. Zhu et al (2021) This study looked at how COVID-19 recovery preparedness influenced the global air transport industry. Causal Bayesian Network (CBN).…”

Section: Literature Reviewmentioning

confidence: 99%

Estimating CO2 emissions from emergency-supply transport: The case of COVID-19 vaccine global air transport

Sajid

Ali

González

2022

Journal of Cleaner Production

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“…For Bohman et al (2021) , the possibility of telework may affect different groups differently and exacerbate differences in gender, geography, and mobility. Some studies have assessed the impacts of COVID-19 on air transportation ( Andreana et al, 2021 ; Zhu et al, 2021 ). For example, Zhu et al (2021) focused on analyzing the post-COVID-19 recovery of the aviation industry on short-term policy implications.…”

Section: Economic Environmentmentioning

confidence: 99%

“…SARS and avian flu) and also the COVID-19 pandemic ( Chang et al, 2007 ; Keogh-Brown et al, 2008 ; McKibbin and Fernando, 2020 ). Other studies also have assessed the relationship between COVID-19 and the transportation sector ( Bian et al, 2021 ; Cui et al, 2021 ; Gaskin et al, 2021 ; Hensher et al, 2021 ; Zhang, 2020 ), with impacts on travel behaviors and mobility commuting ( Bohman et al, 2021 ; Hensher et al, 2021 ), and the impacts of COVID-19 on air transportation ( Andreana et al, 2021 ; Zhu et al, 2021 ). The difference between the applied research described in the following section and in our study, in addition to the analytical scope, is the treatment given to the model's structure to consider the different types of households by income range, the possibility of income transfer between government and households and the different economic environments regarding the government's budget behavior.…”

Section: Introductionmentioning

confidence: 99%

COVID-19, public agglomerations and economic effects: Assessing the recovery time of passenger transport services in Brazil

et al. 2021

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“…In fact, the pandemic crisis has proven to be a serious wake-up call for the airline industry but the recovery pattern and speed after the pandemic remain unknown. The recovery will take place differently across countries, as it depends on vaccinations against SARS-CoV-2, the condition of the countries' health systems, policy interventions, and many other factors (Chang et al, 2020;Zhu et al, 2021). In this gloomy framework, airline companies are faced with the stringent need to manage their fuel costs and exposure to oil price risk.…”

Section: Introductionmentioning

confidence: 99%

Oil Price Volatility and Airlines’ Stock Returns: Evidence From the Global Aviation Industry

Horobeț

Zlatea

Belaşcu

et al. 2022

Journal of Business Economics and Management

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The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a macroeconomic framework that emphasizes the interconnections between various risk factors, which is the main contribution to the research in the field. A panel ARDL model and PMG estimator have been applied on monthly data between 2007 and 2020 to investigate the long-term equilibrium relationship between airline companies’ stock prices, oil price risk, financial market volatility, currency risk, inflation, and maturity risk. The negative impact of oil price risk on airlines’ stock prices is significant, robust, and pervasive, and is coupled with a concerning exposure to the US dollar currency risk. As another contribution, the paper analyses the prospects and challenges of the airline industry in dealing with oil price risk in the post-pandemic world. The results point towards the need of the airline industry to rethink its strategic decisions in the more uncertain and unpredictable post-pandemic world, requiring a more comprehensive approach of the complex and dynamic network of risk exposures and a reconsideration of hedging policies.

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Recovery preparedness of global air transport influenced by COVID-19 pandemic: Policy intervention analysis

Cited by 26 publications

References 46 publications

Estimating CO2 emissions from emergency-supply transport: The case of COVID-19 vaccine global air transport

Estimating CO2 emissions from emergency-supply transport: The case of COVID-19 vaccine global air transport

COVID-19, public agglomerations and economic effects: Assessing the recovery time of passenger transport services in Brazil

Oil Price Volatility and Airlines’ Stock Returns: Evidence From the Global Aviation Industry

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