The Early Impact of Covid-19 Pandemic on the Aviation Industry

Abstract

The goal of the paper is to assess early economics impact of Covid-19 on the aviation industry as it is one of the hardest hit industries. Covid-19 has an unprecedented impact on the international passenger seat capacity and gross passenger operating revenues of airlines. In the first part, we look at the impact of the pandemic on the economy as a whole and subsequently look at the economic cost of airlines. Two main elements are driving this negative trend – travel restrictions and overall economic development. We are currently experiencing the tightest international travel restrictions in the modern era of flight transportation with the economies worldwide experiencing a greater decline in GDP than during the last 3 recessions. In the second part, we look at two out of many possible path scenarios which are likely to drive the trend: V-shaped path and U-shaped path. All pandemic outbreaks before followed V-shaped scenario but Covid-19 has paralysed the society for longer with stricter governmental measures and so U-shaped scenario has to be taken into account as the most likely outcome for the aviation industry during this pandemic.

Kebolehramalan Pergerakan Harga Pasaran Mata Wang Asing ASEAN-5 Dengan Menggunakan Indikator Dagangan Indeks Kekuatan Relatif Era COVID-19

“…Zhang et al (2021) menyatakan bahawa akibat dari aktiviti ekonomi yang sangat terhad, ianya telah memberi kesan negatif terhadap sektor perniagaan, yang seterusnya meningkatkan kadar pengangguran secara drastik. Sektor pelancongan (Foo et al 2020), perhotelan (Milovanović 2021) dan penerbangan (Melas & Melasová 2020) antara industri yang paling terkesan dari wabak pendemik COVID-19. Ianya juga secara tidak langsung telah memberikan kesan yang sangat mendalam kepada beberapa buah negara ASEAN (Persatuan Negara-negara Asia Tenggara) yang banyak bergantung sumber ekonomi kepada sektor tersebut (Chong et al 2020).…”

Persepsi Penumpang Angkutan Udara di Bandara Soekarno Hatta pada Natal 2020 dan Tahun Baru 2021 Pandemi Covid-19

“…Banyak negara mulai melonggarkan pembatasan interaksi sosial dan perjalanan untuk menghindari dampak negatif resesi ekonomi. Namun, masyarakat bisa jadi masih merasa khawatir untuk menggunakan transportasi udara mengingat penyebaran wabah dan virus lebih tinggi pada lingkungan yang tertutup seperti berdiam beberapa jam di dalam pesawat udara [10]. Selain itu, fenomena global pandemi COVID-19 telah menyebabkan perubahan dalam pengaturan kegiatan sehari-hari dan kebiasaan masyarakat di seluruh dunia, sehingga kebiasaan baru (new normal) dalam pengendalian pekerjaan jarak jauh telah mendorong pengurangan perjalanan untuk bekerja [11].…”

Specifications for Test Modules in the APVV Project PP-20-COVID-0002 Aerosol

“…1); -An important source of knowledge for our analytical work was the patent: We have identified a similar European patent for the planned solution of the problem within the project: EP2016809B1 COLD PLASMA HANDSET FOR PLASMA TREATMENT OF SURFACES [9] (see Fig. 2); -impact on airport industry, as in [11]; -mathematical modelling and spreading of virus, as in [12];…”