The impact of COVID-19 on airlines
The airline industry might not completely recover after the pandemic.
The novel coronavirus or COVID 19 is this year’s highlight, including the impact of COVID-19 on airlines and many other international businesses, which has taken the lives of more than five thousand innocent souls along with a hundred thousand infected people around the world. The world’s economy has come to a standstill with corporate office employees working from home trying to compensate for the loss that is happening due to the widespread fear which is associated with this novel coronavirus.
Since the first case of coronavirus was reported in Wuhan, China, the country performed exceptionally well in the time of distress and to do everything in their power to reduce the risk of further exposure of the virus, but due to the asymptomatic nature of the virus in some people, it did spread, and now the novel coronavirus has been declared a pandemic by the World Health Organization (WHO).
How does it affect the airlines?
The impact of COVID-19 on airlines has been massive. Somehow, the reason why the virus has spread so much in more than 114 countries across the globe is suffering accordingly as international borders are temporarily being closed down on till the risk of infection associated with the virus is decreased or UN till a vaccine to cure the novel coronavirus is discovered. The impact of COVID-19 on airlines is very fast and equally severe as the shares of American and European airlines have declined even faster than the whole stock market.
The impact of COVID-19 on airlines have caused the income to decrease way faster due to the travel restrictions by multiple countries across the world and people in a panic to acquire the infection by being in an enclosed place with someone who might be potentially infected with the virus with no exit strategy during the flight.
Due to the impact of COVID-19 on airlines, the number of scheduled flights to depart has further reduced 10% since the last week around the world. Many of the American and European airlines are particularly in more distress after the announcement of the closure of American borders to all no American citizens who are coming from Europe’s infected zone, which includes 26 countries, including Spain, Ital, and France. The total amount of seven thousand passengers is affected due to the ban that was scheduled to arrive in the United States over the month.
This particular decision was not taken gladly by the people, and they oppose the decision of US President Trump as the novel coronavirus has already infected thousands of American citizens, and canceling the international flights would do no good for the country. The impact of COVID-19 on airlines has caused severe damage to the whole industry. If the ban continues for more than eight months, the global airline industry would not be able to come back to its form as before.
People affected due to the impact of COVID-19 on airlines
The employees working for the airline companies are the most affected after the impact of COVID-19 on airlines, which has increased rather fast in the month of March. Aircraft engineers, apron workers, flight crew, pilots, and many other employee positions filled by the workers are suffering due to the loss of airline industries.
Millions of people who are no longer required are fired, the current employees are not getting paid, thousands of aircraft are grounded, the proper crew is not available for multiple scheduled flights to function as people are afraid to be in closed quarters which each other. As a flight crew is paid according to the number of duty hours, much and not getting paid due to either canceled flight and reduced number of flights altogether.
No new employees are being hired right now, and the airline industry is working on the most reduced amount of aircraft as possible.