DESCRIPTION
The coronavirus disease (COVID-19) pandemic is of considerable concern to the Global Passenger Airlines Industry and having an enormous impact on the aviation industry dynamics while affecting passenger traffic, revenue passenger kilometers, airport workforce and incoming revenues, and the airport business, with respect to connectivity and slot usage requirements.
Overall, this insight document synthesizes COVID-19 impact on the Passenger Airlines Industry dynamics such as international traffic, domestic traffic, regions affected, supply-demand aspects and the future outlook.
Also, the document provides a comprehensive list of strategies that can be undertaken by the industry incumbents for survival and revival in the cataclysmic state. Notably, the Global Aviation Industry functions with 1,303 scheduled airlines operating through over 31,717 aircraft, and 3,759 airports with the help of 170 air navigation services providers (Aviation Benefits Report 2019).
The COVID-19 pandemic is going to have a massive impact on the Aviation's global stature including GDP contribution, employment creation and comprehensive economic value creation. This document presents a list of strategic considerations for airlines to improve their stakeholder relationships amid this unprecedented circumstances. Industry player have implemented multiple strategic rejoinders to combat the COVID-19 impact. This document provides a broad perspective industry dynamics through secondary research backed industry data and analysis driven market insights.
The PDF delves into the regional impacts of COVID-19 on international passenger traffic and revenues, highlighting significant reductions across North America, Europe, Latin America, Asia and Pacific, and the Middle East. It underscores the drastic supply-demand imbalances, with Europe being the most affected region. The analysis is backed by data from ICAO, IATA, and ACI, providing a robust foundation for understanding the current challenges. It also outlines strategic responses from major airlines, including fleet restructuring, workforce reductions, and innovative health programs, offering a practical guide for industry stakeholders to navigate the ongoing crisis.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in COVID-19, Airline Industry PDF: COVID-19 Impact on Global Passenger Airlines Industry PDF (PDF) Document, Insights Locus
Airline Industry COVID-19 Integrated Financial Model Digital Transformation Social Media Strategy Consumer Behavior Strategic Foresight Environmental Analysis Strategic Thinking PEST Strategic Planning Business Continuity Planning Information Technology Retail Strategy Channel Strategy Example Valuation Model Example Customer Experience Business Model Design Business Model Innovation Innovation Management COBIT RACI Augmented Reality Fourth Industrial Revolution Service Transformation Mobile Strategy Cyber Security Business Transformation Scenario Planning
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more. |