Impacts of COVID-19 on Airline Business: An Overview

Abstract

Objective – This article aims to preliminarily examine and summarize the impact of COVID-19 on airline business and to briefly investigate how the airlines respond. Methodology/Technique – The researchers synthesize data and information collected from industry organizations' reports and related academic literature. A traditional narrative literature review was implemented to examine and summarize the impacts of COVID-19 on the airline business. Findings – The results show that COVID-19 has operational, market, and financial impacts on airline business. In response to the COVID-19 situation, the airlines have updated their operational procedures and searched for alternative revenue streams. The authors also provide suggestions for future research. Novelty – COVID-19 is an emerging infectious disease. Very few scholars have conducted studies on the impacts of COVID-19 on airline business. This article contributes to the academic literature by categorizing the impacts of COVID-19 on airline business. Future studies can further investigate the impacts of COVID-19 on airline business using this article as a starting point. Type of Paper: Review. JEL Classification: M10, R41. Keywords: Airlines; COVID-19; Air Transport; Aviation; Infectious Disease

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