Coronavirus (COVID-19) Impact On Aviation Business
The ongoing COVID-19 pandemic has left the world into a difficult place. Not only is it posing a serious threat to human life, but it has also badly affected the world economy and business all over the globe. Among others, the aviation industry has had a significant impact. By now, each one of us might have seen the shocking images of empty airports caused due to the outbreak of coronavirus, revealing how it has impacted airport operations in many ways . Aviation industry’s revenue generation is directly linked to traffic levels, and as the flight bans and cancellation are leading to fewer flights, there are no means of generating revenue. As per the reports , March 2020 saw 10% of all flights canceled compared to 2019, which gradually increased to over 80% of flight movements being restricted across all regions by April 2020. Even after the bans have been lifted in certain parts of the world, the number of passengers has been decreasing significantly, resulting in limited flights