DUBLIN–(BUSINESS WIRE)–The “Impact of COVID 19 on the Aviation Industry” report has been added to from ResearchAndMarkets.com offer.
Global Aviation Industry Impact due to COVID-19 Pandemic, Deviations and Trends Analysis Report: Segmentation (Passenger Airlines, Cargo Airlines, Aircraft Manufacturing Companies, airport management companies and catering companies and other service providers) and forecasts 2019-2025.
Global Aviation Industry is involved in the manufacturing and operation of all types of aircraft and related services during transportation. According to the World Bank Organization, in 2018, around 4.2 billion passengers were transported worldwide. Factors that were boosting the aviation industry before the COVID-19 pandemic include increasing disposable income worldwide, introduction of low cost airlines, increasing global economic activities, new travel trends and many others. Additionally, the replacement of aging commercial aircraft has also contributed significantly to the growth of the market.
Major factors affecting the aviation industry post-pandemic include declining tours and travel as a large number of international and domestic flights are canceled worldwide to curb the transmission of the virus. Governments around the world are canceling visa for foreigners and locking down the affected area, which is also one of the major reasons for the downturn in the aviation industry.
The global aviation industry report is segmented into passenger airlines, cargo airlines, aircraft manufacturing companies, airport management companies and catering companies and other service providers. Among which, the passenger airlines segment is expected to be the most affected, along with catering companies and other service providers. Cancellation of aircraft order may also be seen in the near future by airlines affecting aircraft manufacturing companies.
The effect of COVID-19 on the aviation industry can be seen in every region including North America, Europe, Asia Pacific and Rest of the World. For example, in the United States, since the national health emergency due to the COVID-19 outbreak, most of the region has been completely locked down, which in turn restricts domestic travel within the country. Countries like Italy, France, Spain and India are in total lockdown and all types of flights are stopped until further notice.
The main companies in the aviation industry that are affected globally are Qatar Airways, Emirates, China Eastern Airlines, Lufthansa, Boeing, Airbus, American Airlines Group Inc. and Delta Air Lines. For example, Qatar Airways has suspended all flights to and from Italy, one of the countries most affected by the COVID-19 pandemic. In addition, the company has also decided to reduce its operations, which includes reducing flights and eliminating less economical aircraft. Qatar Airways has grounded all ten A380 aircraft until May 31, 2020, as a precaution against the COVID-19 outbreak.
Additionally, Emirates has also halted most of its passenger operations as a result of the pandemic. Today, airlines and airport management companies are asking for bailouts from the government. For example, airport management companies in Europe are expected to suffer a loss of $15.4 billion due to the pandemic. It is estimated that European airports will handle 700 million fewer passengers, 28% less than previously expected.
The study of the aviation industry is incorporated by extensive primary and secondary research conducted by the research team. In secondary research, different approaches have been taken to derive market value, market growth rate, and analyze industry trends due to the COVID-19 pandemic. In the report, country analysis is provided by analyzing various regional players, laws and policies, consumer behavior, macro-economic factors and the impact of the pandemic.
Figures extracted from secondary research have been authenticated by performing appropriate primary research. This includes researching and interviewing key people in the industry to validate the data. This allows the analyst to deduce the closest possible figures. Additionally, an expected industry recovery timeline will also be provided with best and worst case scenarios, which will help companies take their next steps in the global aviation industry.
Financial reports of companies involved in the market
White papers, research articles and news blogs
Company websites and their product catalog
Reports from government organizations
The report provides an in-depth analysis of the market size and predicted quality of service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market deeply integrating different patterns.
The report covers:
A comprehensive research methodology of the global aviation industry.
A detailed and comprehensive overview of the market with key insights from analysts.
A comprehensive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global aviation industry.
Overview of market determinants driving the global aviation industry.
Detailed and extensive market segments with forecast revenue regional distribution.
Detailed profiles and recent developments of market players.
Main topics covered
1. Summary of the report
1.1. Research methods and tools
2. Overview and Market Overview
2.1. Report scope
2.2. Analyst overview and current market trends
2.2.1. Main conclusions
2.3. Government support/bailout packages for the aviation industry
2.4. Supply and demand analysis
3. Market Overview
3.1. Estimated historical market growth in the aviation industry before and after the COVID-19 pandemic
3.2. Deviations in the growth rate of the aviation industry after the COVID-19 pandemic
4.1. Passenger airlines
4.2. Cargo airlines
4.3. Aircraft manufacturing companies
4.4. Airport management companies
4.5. Catering companies and other service providers
5. Impact of COVID-19 on major economies
5.1. North America
5.1.1. United States
5.2.6. The rest of Europe
5.3. Asia Pacific
5.3.4. Rest of Asia-Pacific
5.4. Rest of the world
6. Company Profiles
6.3. China Eastern Airlines
6.7. American Airlines Group Inc.
6.8. Delta Airlines
6.9. Japan Airlines Co.Ltd.
6.10. Aena, SA
For more information about this report visit https://www.researchandmarkets.com/r/vcsg73