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Impact of Covid-19 on the Aviation Industry: A Comparison between South Asian and Other Asian Regions

Corresponding Author : Md Gias Uddin Khan (khangias33@gmail.com)

Authors : Md Gias Uddin Khan (khangias33@gmail.com)

Keywords : COVID-19, Aviation industry, IATA, South Asia, Major Airlines

Abstract :

One of the most affected global industries due to the COVID-19 pandemic is the Aviation Industry. Interestingly, at the same time, the Aviation Industry is also responsible for spreading the virus globally. The immediate effect is evident as Asian, European, and American carriers’ revenues are in free fall as travel restrictions mount. On 5 March, the Air Transport Association (IATA) projected a deadly hit on the global aviation industry up to $113 billion in 2020 which is one-fifth of 2019’s total revenues and four times higher than IATA estimates in February 2020. This research attempts to highlight the magnitude of the Aviation Industry's loss employing South Asia as a case study, and it contrasts the situation with certain other Asian regions by illustrating secondary data and information accessible till November 18, 2020. This paper applies a systematic review of the literature and descriptive statistics as the methodology to achieve the objective. The analysis revealed that the COVID-19 pandemic has substantially affected the revenues, personnel, and flying capacity of key airline companies in South Asia. South Asia lost more aviation capacity than the region of North-East Asia, but less than Southeast Asia.   

Published on December 31st, 2021 in Volume 32, Issue 2, Social Sciences