Economic impact of the coronavirus pandemic on air traffic

Abstract

The coronavirus pandemic is an unprecedented event in modern history, not only of aviation, but also of humanity. The negative consequences of the pandemic are not only related to the suspension of flights and the inability to transport passengers, but also have a great impact on other industries, such as the production of aircraft, systems and engines, tourism, the food industry, etc. The suspension of flights has led to many times lower revenues than planned, the dismissal of a large number of employees in this industry, as well as the cancellation of new airplanes ordered. Also, the prescribed health care measures that airlines must apply will affect a smaller number of passengers on planes, which means that each flight will be less cost-effective. Faced with large losses, airlines must organize in order to achieve maximum efficiency and a partial return to the levels of flying and transportation of people and goods that were achieved during 2019. The paper analyses the state and importance of the global aviation industry, the impact of the pandemic on business results and solving the problems of airlines.

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Impact of the Covid-19 Pandemic on the Economic Effects of Tourism in Central, Eastern and Southeastern Europe (Cesee) Countries

“…Restrictions on mobility have had a direct negative impact on tourism (Özen & Özdemir, 2021). Drastic measures taken by certain countries, which were reflected in the locking in a certain period of the country as a whole or its most endangered cities and areas and banning or restricting the entry of foreign citizens into the country, resulted in a huge blow to the tourism sector, tourist destinations and tourism economy (Fotiadis et al, 2021;Radić et al, 2021). It should be emphasized that the states on the one hand made efforts to support tourism, but also that tourism is often characterized by governments during the pandemic as a potentially risky activity.…”

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