Impact of COVID 19 on Aviation Industry
|出版商||Orion Market Research Pvt Ltd||商品編碼||931560|
|新型冠狀病毒感染疾病(COVID-19)對航空產業的影響 Impact of COVID 19 on Aviation Industry|
|出版日期: 2020年03月01日||內容資訊: 英文||
Impact on Global Aviation industry due to COVID-19 Pandemic, Deviation & Trends Analysis Report, Segmentation (Passenger Airlines, Cargo Airlines, Aircraft manufacturing companies, Airports managing companies, and Catering & other service providing companies) and Forecast 2019-2025
Global Aviationindustry is concerned with the manufacturing and operations of all types of aircraft and related services during transportation. According to the World Bank Organization, in 2018, around 4.2 billion passengers were carried around all across the globe. Factors that were driving the aviation industry before the COVID-19 pandemic include increasing disposable income all across the globe, the introduction of low-fare airlines, increasing global economic activities, new travel trends, and many more. Moreover, replacement of aging commercial aircraft has also contributed significantly to the market growth.
The key factors affecting the aviation industry after the pandemic include the decline in tours and travels as a large number of international as well as domestic flights are getting cancelled all across the globe to curb the transmission of the virus. The government all across the globe are cancelling the visa of foreign people and locking down affected area which is also one of the major reason behind the slowing down of the aviation industry.
The global Aviation industry report is segmented into passenger airlines, cargo airlines, aircraft manufacturing companies, airports managing companies, and catering & other service providing companies. Out of which, passenger airline segment is expected to get affected most along with catering & other service providing companies. Cancellation of airplane order may also be witnessed in the near future by the airline companies affecting the airplane manufacturing companies.
Effect of COVID-19 on the aviation industry can be observed in each region including North America, Europe, Asia-Pacific and Rest of the World. For instance, in the US, since the national health emergency due to the COVID-19 outbreak, most of the region is on complete lockdown, which is in turn restricting the domestic travel in the country. Countries such as Italy, France, Spain, and India are under complete lockdown and all kinds of flights are stooped until further notice.
Key companies of the aviation industry that are getting affected globally include Qatar Airways, Emirates, China Eastern Airlines, Lufthansa, Boeing, Airbus, American Airlines Group Inc., and Delta Air Lines. For instance, Qatar Airways suspended all of its flights to and from Italy that was one of the worst-hit countries by the pandemic of COVID-19. Additionally, the company has also decided to scale back its operation which includes cutting flights and removing less economical aircraft. Qatar Airways grounded all its ten A380 aircraft for until 31 of May 2020, as a precautionary measure of COVID-19 outbreak. Moreover, Emirates also halted most of its passenger operation as a result of the pandemic. Now, airlines and airport managing companies are seeking bailout packages from the government. For instance, airport managing companies in Europe are expected to incur a loss of $15.4 billion due to pandemic. It is estimated that airports in Europe will receive 700 million fewer passengers which are 28% less as expected earlier.
The study on the aviation industry is incorporated by extensive primary and secondary research conducted by the research team. In secondary research, different approaches have been adopted to derive the market value, market growth rate and analyze trends in the industry due to the COVID-19 pandemic. In the report, the analysis of the country is provided by analyzing various regional players, laws &policies, consumer behavior, macro-economic factors and impact of the pandemic. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures. Besides, an expected recovery timeline of the industry will also be provided with the best- and worst-case scenario which will aid the companies to take their future steps in the global aviation industry.
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
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