The Impact of the COVID-19 Pandemic on the Aviation Industry

Iryna HEİETS; Yibing XİE

doi:https://doi.org/10.30518/jav.933296

Makale detayları

The Impact of the COVID-19 Pandemic on the Aviation Industry

Yazarlar:

Iryna HEİETS | Yibing XİE

Yayıncı:

Vedat Veli ÇAY

Ana Başlıklar:

Diğer mühendislik dalları

Dergi:

Journal of Aviation 2021 Vol.5 Issue 2, pp.111-126

Belge Tipi:

Makale

Yayın Tarihi:

12/2021

Belge Dili:

İngilizce

Document ID (Org No.):

2000736030

Sıklık:

Üç Yıllık

eISSN:

2587-1676

DOI:

https://doi.org/10.30518/jav.933296

Özet:

 

The impact of the pandemic is far from over, with most countries still grappling with whether and how to lift lockdowns and travel bans. The aim of this paper is to provide insights into the how the COVID-19 pandemic has impacted on international aviation. First, a brief review of the literature regarding previous crises that affected the aviation industry in recent decades is provided. Next, utilising PEST (Political, Economic, Socio-Cultural, and Technological factors) analysis, the influence of the pandemic on the aviation industry is investigated. The findings indicate that the aviation industry will enter a new round of the adjustment cycle, with the possibility of a large number of airlines going bankrupt, whilst others will need to reorganise, or be subject to merger with, or acquisition by, larger players in the sector. It would appear that the recovery of the aviation industry will be a long and slow process. Moreover, existing aviation business models may well need to be replaced by new ones, with airlines having to develop in the direction of unmanned and contactless service provision. The article is concluded with short-term and long-term recommendations for airlines regarding recovery of the demand for air travel.

 

The impact of the pandemic is far from over, with most countries still grappling with whether and how to lift lockdowns and travel bans. The aim of this paper is to provide insights into the how the COVID-19 pandemic has impacted on international aviation. First, a brief review of the literature regarding previous crises that affected the aviation industry in recent decades is provided. Next, utilising PEST (Political, Economic, Socio-Cultural, and Technological factors) analysis, the influence of the pandemic on the aviation industry is investigated. The findings indicate that the aviation industry will enter a new round of the adjustment cycle, with the possibility of a large number of airlines going bankrupt, whilst others will need to reorganise, or be subject to merger with, or acquisition by, larger players in the sector. It would appear that the recovery of the aviation industry will be a long and slow process. Moreover, existing aviation business models may well need to be replaced by new ones, with airlines having to develop in the direction of unmanned and contactless service provision. The article is concluded with short-term and long-term recommendations for airlines regarding recovery of the demand for air travel.

Makale detayları

The Impact of the COVID-19 Pandemic on the Aviation Industry

Yazarlar: Iryna HEİETS | Yibing XİE

Yayıncı: Vedat Veli ÇAY

Ana Başlıklar: Diğer mühendislik dalları

Dergi: Journal of Aviation 2021 Vol.5 Issue 2, pp.111-126

Belge Tipi: Makale

Yayın Tarihi: 12/2021

Belge Dili: İngilizce

Document ID (Org No.): 2000736030

Sıklık: Üç Yıllık

eISSN: 2587-1676

DOI: https://doi.org/10.30518/jav.933296

Sayı

Yazarlar:

Iryna HEİETS | Yibing XİE

Yayıncı:

Vedat Veli ÇAY

Ana Başlıklar:

Diğer mühendislik dalları

Dergi:

Journal of Aviation 2021 Vol.5 Issue 2, pp.111-126

Belge Tipi:

Makale

Yayın Tarihi:

12/2021

Belge Dili:

İngilizce

Document ID (Org No.):

2000736030

Sıklık:

Üç Yıllık

eISSN:

2587-1676

DOI:

https://doi.org/10.30518/jav.933296