Aviation Industry PDF
Aviation Industry PDF
Aviation Industry PDF
OF COVID 19 ON
AVIATION INDUSTRY
OF INDIA
NAME- PARIVESH GOYAL
ROLL NO.- RQ2009A61
REG.NO. – 12014141
SECTION- Q2009
WHAT IS AVIATION INDUSTRY
Aviation is the activities surrounding
mechanical flight and
the aircraft industry. Aircraft includes fix
ed-wing and rotary-wing types,
morphable wings, wing-less lifting
bodies, as well as lighter-than-air
craft such as hot air
balloons and airships.
IMPACT OF COVID 19 ON
AVIATION INDUSTRY
The impact of the coronavirus pandemic and
the lockdown it triggered is clearly visible in
financial markets. But there is still no clarity
on the deeper impact that it is having across
businesses and industrial sectors. Based on
assessments made by different analysts and
industry body Ficci , here is an impact analysis
of the aviation sector.
1. How severe is the lockdown
impact on airlines?
•Aviation is among the worst-affected
sectors amidst the Covid-19 crisis that
has taken the scale of a pandemic.
According to the International Air
Transport Association, airlines globally
can lose in passenger revenues of up to
$113 billion due to this crisis.
•Airfares have also come under pressure
due to nearly 30 per cent drop in
bookings to virus-affected destinations.
As a result, airfares to such destinations
have fallen by 20-30 per cent.
2. What is the near-term
outlook for airlines?
•While some airlines have started
accepting advance bookings in
anticipation of easing of the lockdown
after April 14, Motilal Oswal said post
the lockdown, domestic operations
(mainly on key/metro routes) should
see a staggered start to operations.