Post-Pandemic Perspectives of the Global Civil Aviation

Abstract

The impact of the COVD-19 pandemic on the air transport industry is huge. It is an unimaginably difficult time. The result is a significantly lower demand for air travel for far longer than predicted when the pandemic began. Most people believed the pandemic and economic situation would be improved by 2021, but as it seems, it will not. Some old airline names are likely to vanish. But, which will emerge from the pandemic in the stronger position? Could it be legacy carriers or low-cost carriers? There will be an increase in the number of airlines that require state report. Today, like the 1930s, most borders are effectively closed and despite some pent-up leisure demand, there is widespread reluctance to fly, for health safety reasons. As a result, we will have a very different shaped air industry in the medium term, where legacy airlines will have to adapt to the loss of premium traffic on which they have previously relied. Meanwhile, for many airlines, it will be a matter of how long can they “hold their breath”. A majority of airlines are going to be smaller than they are today once the coronavirus pandemic subsides. Most airlines around the world are accelerating fleet retirements, producing a fundamental reset of capacity. In this environment, the global network reach of alliances becomes more important. What will be the platform for the future growth? The air industry will confront an environmental climate even tougher than before, government involvement is inevitably going to increase, we will have to learn to live with the virus, international cooperation is very important. We will see a fundamental change in air industry. The airline industry itself has got to shrunk. Airline consolidation is inevitable. Keywords: Air Industry, Corona-Crisis, Global Aviation.