How Can the Aviation Sector Survive after COVID-19?

Salman, Doaa; Seiam, Dina; Fayaz, Eman

doi:10.34021/ve.2020.03.04(5)

Cited by 9 publications

(6 citation statements)

References 4 publications

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“…Since the outbreak of the COVID-19 pandemic, researchers and policymakers have been interested in research on the impact of the COVID-19 pandemic on industries, and many studies have analyzed industry data. These include studies of the tourist industry [23][24][25][26][27][28][29], hotel industry [24,28,[30][31][32], energy industry [33][34][35], cruise industry [27,36,37], aviation industry [38][39][40], restaurant industry [32,41], food industry [42][43][44][45], poultry industry [46][47][48], IT services industry [49], electricity industry [50,51], tobacco industry [52], insurance industry [53,54], construction industry [55,56], and forestry and wood industry [57,58]. The above-mentioned research mainly focuses on the negative impact of the pandemic on public consumption behavior, society, or related industries.…”

Section: Background and Hypothesis Developmentmentioning

confidence: 99%

The Impact of the COVID-19 Pandemic on Consumers’ Preferences for Wood Furniture: An Accounting Perspective

Chen

Yang

2021

Forests

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The COVID-19 pandemic has had a major impact on forest product markets and the forest product industry, and has also seriously affected the sales of forest products. This research aimed to analyze people’s preference for wood furniture and make policy recommendations. We examined the impact of the pandemic on consumers’ preferences for wood furniture from the perspective of accounting. Taking the accounting data of wood furniture enterprises as the research object, through the translog revenue function, and using the relationship between revenue and consumption in economics, we found that the COVID-19 pandemic has reduced consumers’ preferences for wood furniture, but the decline in preference is smaller for wood furniture produced by extra-large furniture manufacturers. This study contributes to the literature and in view of our research results and the severity of the COVID-19 pandemic, we provide policy suggestions for the related governmental agencies and wood furniture manufacturers, in this special environment, that can reduce the negative impact of a pandemic on the wood furniture industry.

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Section: Background and Hypothesis Developmentmentioning

confidence: 99%

The Impact of the COVID-19 Pandemic on Consumers’ Preferences for Wood Furniture: An Accounting Perspective

Chen

Yang

2021

Forests

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“…In general, airlines can cover only a couple of months of revenue loss due to high capital cost (Zhang et al, 2020b). In fact, some airlines have filed for bankruptcy during the pandemic such as Flybe, VA Australia, Level Europe, and many more (Salman et al, 2020;Gössling et al, 2020;Florido-Benítez, 2021). In emergent situations, governments generally have motivation to financially support airlines to maintain network connectivity to protect economic activities and jobs in aviation itself and related industries such as tourism (Merkert and Williams, 2013;Gössling et al, 2017;Njoya et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The sudden decrease in air travel demand is much worse than that seen after the 9/11 terrorist attacks and the 2008 financial crisis, combined (Curley et al, 2020). Due to the unprecedented decrease in demand, many companies ceased almost all their operations (Sun et al, 2020), leading to the bankruptcies of many airlines around the world (Salman et al, 2020). So far, numerous papers have been published on the air transport in the COVID-19 pandemic (Sun et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Dynamics of the US domestic airline network during the COVID-19 pandemic

Sugishita¹,

Mizutani²,

Hanaoka³

2022

Preprint

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The ongoing COVID-19 pandemic has had serious impacts on the airline industry. Understanding the network dynamics of individual airlines is essential for discussing aviation policies in emergent situations to achieve both ensuring network connectivity and maintaining competition among airlines. In this study, we quantitatively reveal the day-to-day dynamics of the US domestic airline networks consisting of 17 airlines from January 2019 to December 2021. Specifically, we applied a framework for analyzing temporal networks, in which network structure changes over time. First, we found that, even though the number of nodes and edges returned to the pre-pandemic levels around July 2021, the structure of the entire US domestic airline network had been still largely different from the pre-pandemic structure. We also found that the network dynamics varied significantly from airline to airline. Full-service carriers are less flexible in changing their network structure and suffer higher revenue losses. On the contrary, most regional carriers completely shifted to new structure, which may contribute to reduce their revenue losses. Low-cost carriers are characterized by more pronounced differences between airlines and drastically changed their network structure immediately after the declaration of national emergency.

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“…COVID-19 pandemic is a disease breakout that spread throughout the world and has dealt a substantial blow to all sectors, especially the aviation industry. According to Doaa and his team members' research, the impact of the pandemic on the aviation industry includes a drop in international air passenger traffic and a potential loss of two-fifths of passengers at airports [2]. J Transp Geogr believes that in the face of a post-epidemic recovery in the business travel market, some medium-sized airports with a leisure focus will face competition from other leisure markets with competitive pricing and potentially fewer travel restrictions [3].…”

Section: Literature Review 21 Airline Market Development Under the Co...mentioning

confidence: 99%

Research on the Impact of Airline Fuel Price Fluctuations on China’s Aviation Industry in the Post-epidemic Era

Ni¹

2022

BCPBM

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The first half of 2022 saw a significant increase in global crude oil prices, which led to a significant increase in China’s jet fuel charges, with some airline tickets charging passengers more than the face value of the ticket. This paper explores consumers’ responses to the increase in jet fuel charges. The study shows that consumers are less satisfied with the increase in fuel costs, that some consumers are choosing alternative travel options, and that airline ticket sales for business travel in summer 2022 are lower than in the same period last year. The article explores some preferential fare policies that airlines can use to improve the situation. This article has contributed to the subsequent policies offered by airlines. In the overall environment of rising crude oil charges, the future price trend of jet fuel charges will not return to the low prices before the epidemic, and its impact on consumers will become apparent over time. People’s consumption levels and willingness to spend are gradually decreasing due to the work stoppage and economic slowdown caused by the quarantine policy under the epidemic in China. The trend of increased consumer appetite in the tourism sector, now brought about by the relaxation of the quarantine policy, will also level off.

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How Can the Aviation Sector Survive after COVID-19?

Cited by 9 publications

References 4 publications

The Impact of the COVID-19 Pandemic on Consumers’ Preferences for Wood Furniture: An Accounting Perspective

The Impact of the COVID-19 Pandemic on Consumers’ Preferences for Wood Furniture: An Accounting Perspective

Dynamics of the US domestic airline network during the COVID-19 pandemic

Research on the Impact of Airline Fuel Price Fluctuations on China’s Aviation Industry in the Post-epidemic Era

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