G5 & Seminar

21/06/2021

Support from the government is one of the most effective methods in order to help the airline industry to survive throughout this pandemic. The government needs to continuously provide support for the airline industry because it is an essential sector for the country's growth.




Sources:
https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/659326/EPRS_BRI(2020)659326_EN.pdf
https://www.iata.org/en/pressroom/pr/2020-06-16-01/
https://www.thejakartapost.com/academia/2020/03/24/governments-support-key-to-airline-industrys-survival.html

21/06/2021

In order to ensure the safety of passengers free from Covid-19, the Travel Pass Initiative has been introduced by the IATA. The travel pass is a mobile app that store and manage their COVID-19 test or vaccine certifications that have been verified. The travel pass eases the process of certificating the health status of the passenger as well as provide the most accurate information for the government for preventing the import of the Covid-19 virus caused by the passengers.




https://www.youtube.com/watch?v=R4f1r5iogAo

21/06/2021

The outbreak of the COVID-19 pandemic has harmed the profits of many organizations throughout the world. As a result, concerns regarding how organizations may revitalize during and after a crisis are becoming more common.
Nonetheless, we have a limited grasp of how organizations transform themselves over time during crises. The topic is investigated through the perspective of two South Asian airlines: Pakistan International Airlines and Sri Lankan Airlines.
The cases provide valuable insights into the causes of state-controlled company underperformance and revitalization initiatives. Researchers focus specifically on strategic renewal (SR) in the context of the global aviation industry's rising liberalization and deregulation.
To that aim, researchers suggest a four-stage strategy to revitalizing such lagging organizations so that they can adapt effectively to black swan occurrences and external shocks.

Click the following link for further information:
https://www.sciencedirect.com/science/article/pii/S0969593121000093



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The emergence of the COVID-19 pandemic has adversely affected the fortunes of multiple companies around the globe. Accordingly, questions are increasi…

21/06/2021

Air transport contributes for a minor part of GDP but is inextricably related to the operations of other sectors, particularly airports and aircraft manufacture - here referred to as the "aviation industry." Many other economic activities rely on the aviation industry.
The substantial reduction in demand for passenger air transport caused by the COVID-19 pandemic and containment efforts is threatening the sustainability of many companies in both the air transport sector and the rest of the aviation industry, endangering millions of jobs.
While government policies have frequently targeted the aviation industry, the COVID-19 crisis has resulted in a new set of loans, loan guarantees, wage subsidies, and equity injections, raising issues about competition and the effective use of public resources. Government policies should prioritize industry initiatives and competition to create a sustainable direction for the aviation industry.

Please check out the link below for more information:
https://www.oecd.org/coronavirus/policy-responses/covid-19-and-the-aviation-industry-impact-and-policy-responses-26d521c1/

The dramatic drop in demand for passenger air transport (and freight, to a lesser extent) due to the COVID-19 pandemic and containment measures is threatening the viability of many firms in both the air transport sector and the rest of the aviation industry, with many jobs at stake. While the aviati...

20/06/2021

The sharp decline in passenger numbers is having a significant impact on airlines, airports, and air transportation companies. Airports' primary sources of revenue include landing fees, improvement and passenger facility fees, as well as other aeronautical and non-aeronautical earnings. Airports have been operating in a near-zero-revenue environment for some months, which has affected their capacity to earn cash and retain liquidity. The fixed expenses of an airport expenditure have remained constant, but other airport COVID-19 related expenditures have increased. The COVID-19 pandemic presents additional challenges for airports. Global passenger traffic began to decline. It is predicted that by the end of the year, traffic would be reduced by 50 percent or more, depending on how soon people wish to travel again and how quickly the virus is contained. ACI World has released a policy brief focused on relief measures to preserve the sustainability of the airport business in order to eliminate the serious financial deficits of airports.
But, given today's low-demand and low-revenue circumstances, how can airports survive?

For further information, please check the following link:
https://blog.aci.aero/the-seven-pillars-of-an-airport-survival-strategy-during-and-post-covid-19/



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Written by René Armas Maes, Vice President Commercial, Jet Link International LLC and ACI Instructor   The drastic fall in passenger volume is having a major impact on airlines, airports, and air transportation suppliers. Landing […]

19/06/2021

During the pandemic of Covid-19 happens all around the world, several methods can be implemented by them in order to ensure the safety of the passenger and the staff as well as prevent the infection of Covid-19 happen among the aviation industry.



Sources:
https://www.futuretravelexperience.com/2021/01/13-trends-that-will-drive-the-air-transport-industry-recovery-in-2021/
https://www.theedgemarkets.com/article/surviving-impact-covid19-2020-worst-year-ever-aviation-history

17/06/2021

During the pandemic, the airlines in the U.S, Europe and parts of Asia have generally received substantial government support. The government helped them to overcome and survive this period.

https://www.iata.org/en/iata-repository/publications/economic-reports/airline-industry-economic-performance---november-2020---report/ #:~:text=While%20airlines%20in%20US%2C%20Europe,until%20travel%20demand%20comes%20back.

15/06/2021

Apart from reducing cost and lower fares, Delta Airline also came out with another decision toward financial impact of COVID 19. To align capacity with expected demand, Delta is reducing system capacity by 15 points versus its plan, with international capacity reduced by 20-25%, and domestic capacity reduced by 10-15%.

Delta actions to address financial impact of COVID-19 By James Graham - Mar 10, 2020 0 363 Facebook Twitter Google+ Pinterest WhatsApp In addition to the significant efforts under way to protect the health and safety of its customers and employees, Delta Air Lines is announcing additional steps to a...

15/06/2021

During pandemic, 380 planes were being eliminated from the fleet and Delta were facing their daily loss will be increased to $12 million to $14 million per day. Actions of Delta Airlines during pandemic are to cutting the cost and lower the fares. The CEO of Delta Airlines, Ed Bastian, said that they expected that they will generate positive cash flow in the spring.

As Delta Air Lines works its way through COVID-19, burning more cash than fuel, it's grounding hundreds of planes & keeping middle seats empty, but lowering fares.

28/05/2021

The COVID 19 have heavy impact the airline industry. Since the airline recovery from the pandemic may need the six key strengths for surviving.