Volume 30, Issue 1, 2021
DOI: 10.24205/03276716.2020.2098
THE EFFECT OF COVID-19 ON THE AVIATION SECTOR
Abstract
COVID-19, which appeared in Wuhan, China in the last span of 2019, impacted the entire world in a short time. The Covid-19 epidemic has begun to endanger not just human health but also all sectors. The aviation industry is facing both regulations and bans and shrinkage of airline passenger demand and is having a rough time. Many airlines have begun to face financial problems, some airlines have declared bankruptcy, and some have had to part with a certain number of staff in order not to go bankrupt. In this research, the effects of the COVID-19 epidemic on the aviation industry are analyzed on a sectoral basis and its macroeconomic and socio-cultural consequences are discussed
Keywords
COVID-19, Pandemic, Aviation Sector, Macroeconomic Effects