The international airline industry is getting disrupted due to COVID-19 spread on a large scale. All the countries have imposed a complete ban on international airlines. And it has been disrupting the global airline industry and the revenue loss in this sector is rising continuously. As per the available data till March 20, the total revenue loss reached the mark of $880 billion.
In order to prevent the spread of the deadly virus, different countries have declared a complete or partial lockdown. Due to this, the global airline industry is halted completely and it is bearing a huge loss. Different domestic and international airlines are only left for carrying out essential cargo items in different parts of the world.
According to experts, the coronavirus pandemic has left the world in the worst recession phase than the year 2008 and it will have an adverse impact in the long term. Some economists have even stated that the global economy has entered a tailspin and a massive job loss is underway.
At the time of writing this statement, the total number of coronavirus infected cases has crossed the mark of 14 lakhs. And over 80,000 deaths have been reported in different parts of the world. The European countries and the US are the worst affected nations with the number of deaths seeing no decline. Italy, France, Germany, and Spain have got over 50,000 deaths to date.
The cancellation of flights and the imposition of country-specific restrictions have affected all the international flights on a large scale. Different airlines are only being involved in repatriation work and they have been supplying essential goods such as medicines from one country to other parts of the world.
Since 24 March 2020, the UAE based Etihad Airlines has suspended all its operations and the UAE government has kept the Abu Dhabi airport closed for travelers. The sudden imposition of lockdown across the world has left many people stranded in different parts of the world. Some of the domestic airlines are being used by countries for the repatriation of citizens from other parts.
No exact information can be derived about the timings of the closure of lockdown and hence nothing can be said about the start of the operations of different airlines. The impact of coronavirus started showing its results from the month of February as China saw a sharp drop in the airlines’ operations. As compared to the February month of 2019, the country witnessed a decline of 71% in flights.
Earlier in the March month, Europe started experiencing a sharp drop in flights and the situation has intensified a lot. A steep downfall in flights has been noticed in European countries and it has left them in a disrupted state. At present, almost every international airline is experiencing a huge loss and it is evident from many available statistics.
Even if the travel ban is lifted after some time then also it would be difficult for international airlines to recover the loss they have incurred during the lockdown period. Many billion-dollar loss is on the cards and this will impact the international airline industry in the long-run. Even some of the airlines are asking for a bailout package from their governments and many international airlines are facing the fear of bankruptcy in the near future.
Vienna Calling – One Of Europe’s Finest Fashion Influencers
Home Care LINK Helps Keep Loved Ones at Home
Digital Means of Entertainment are Rapidly Replacing the Traditional Sources of Entertainment
Sauceman Keys To Debut The 1st Single From “The Art Of Trap” on Halloween
Esports Professor Jimmy Baratta Shows Us How to Make it in the Industry
Caroline Adegun of The Hollywood Wingwoman Providing a Support Structure for Struggling Creatives
Best Money Tips as Shared by Experts
Ricky Andrade, a Big Name in Forex Trading
The Looming and Unavoidable Women’s Health Crisis
BlackPink, a South Korean girl group, is Collaborating with PewDiePie for a New Kpop Trap Genre Song
Christie Smith is Unleashing Art in Laguna Beach
Artist Josh Chesler Puts his Creative Spin on Custom Sneakers
Safe Path Advisors Is Not Safe For Debt Consolidation
The Indonesian EDM Artist, Amalia Kadis released an album
A Man Who Stands for Hip-Hop – The Story of Platinum J
Dr. Ourian Shares the Truth About Acne Scars!
Health8 months ago
Royal CBD Launches New Line of Products to Take Away all the Pain People Suffer
Health4 weeks ago
The Looming and Unavoidable Women’s Health Crisis
Business11 months ago
Could the cure for Herpes be just what the Doctor ordered for Synergy Pharmaceuticals?
Entertainment1 year ago
Garena Free Fire Anniversary Update has Everything New
Business2 months ago
Discover how Brother Ben X Digital Real Estate program helped another Black Man make $9000 in a single month
Business1 month ago
Mickael Daussy: One of the Best Trader is Changing the Definition of Entrepreneurship
Cannabis12 months ago
More Online Stores Selling CBD Products are Opening these Days
World7 months ago
How Gym Franchises Like Fit Body Boot Camp Are Adapting to Survive Covid-19