The recent pandemic has brought the world economy almost to its kneels.

Since the transportation

by flights was one of the fast and wide spread of the virus in the very first place, every country has
been taking extra cautions and set extra rules for the passengers for the immigration. Different
countries are suffering from different waves of Covid - 19 and thus, there is no way that the 2020
annual passenger quantity will catch up with the former years. The less passengers per flight means
the more cost per flight and thus, the less profit per flight. As the secondary, the catering services
and the cleaning service businesses will be effected . This is not much a huge impact for the huge
airline like Emirates as it has its own industry for the catering process. For the small airlines, the
impact can be significant. However, this is mainly upon the domestic flights. No matter, how bad the
impacts will be upon the airlines, the air cargo flights will be needed to keep on operating for the
shipping of the medical stuffs and the other products that are required to be urgently shipped.
Therefore, the airlines will need to transform into cargo flights and make profit on it. However, in my
opinion, this can work better with the smaller planes due to the less fuel requirement per flight.
Therefore, there will be reduction of the flight attendants and other employees due to the less
requirement for the customer services. As conclusion, the airlines will survive but the employees and
the associated businesses will not.

Global Aviation Industry is concerned with the manufacturing and operations of all types of aircraft
and related services during transportation. According to the World Bank Organization, in 2018,
around 4.2 billion passengers were carried around all across the globe. Factors that were driving the
aviation industry before the COVID-19 pandemic include increasing disposable income all across the
globe, the introduction of low-fare airlines, increasing global economic activities, new travel trends,
and many more. Moreover, replacement of aging commercial aircraft has also contributed
significantly to the market growth.

The key factors affecting the aviation industry after the pandemic include the decline in tours and
travels as a large number of international as well as domestic flights are getting cancelled all across
the globe to curb the transmission of the virus. The government all across the globe are cancelling
the visa of foreign people and locking down affected area which is also one of the major reason
behind the slowing down of the aviation industry.

The global Aviation industry report is segmented into passenger airlines, cargo airlines, aircraft
manufacturing companies, airports managing companies, and catering & other service providing
companies. Out of which, passenger airline segment is expected to get affected most along with
catering & other service providing companies. Cancellation of airplane order may also be witnessed
in the near future by the airline companies affecting the airplane manufacturing companies.

Effect of COVID-19 on the aviation industry can be observed in each region including North America,
Europe, Asia-Pacific and Rest of the World. For instance, in the US, since the national health
emergency due to the COVID-19 outbreak, most of the region is on complete lockdown, which is in
turn restricting the domestic travel in the country. Countries such as Italy, France, Spain, and India
are under complete lockdown and all kinds of flights are stopped until further notice.
Key companies of the aviation industry that are getting affected globally include Qatar Airways,
Emirates, China Eastern Airlines, Lufthansa, Boeing, Airbus, American Airlines Group Inc., and Delta
Air Lines. For instance, Qatar Airways suspended all of its flights to and from Italy that was one of
the worst-hit countries by the pandemic of COVID-19. Additionally, the company has also decided to
scale back its operation which includes cutting flights and removing less economical aircraft. Qatar
Airways grounded all its ten A380 aircraft until 31 of May 2020, as a precautionary measure of
COVID-19 outbreak.

Moreover, Emirates also halted most of its passenger operation as a result of the pandemic. Now,
airlines and airport managing companies are seeking bailout packages from the government. For
instance, airport managing companies in Europe are expected to incur a loss of $15.4 billion due to
pandemic. It is estimated that airports in Europe will receive 700 million fewer passengers which are
28% less as expected earlier.