Series Info:virtual economics;2020 Volume 3 Number 4 (October)
Type:Article
Keywords:October University for Coronavirus
,
pandemic
,
aviation
,
industry
,
tourism
,
problem
,
qualitative JEL Classification: G28
,
K2
,
L93
Abstract:
This paper aims to analyse the adaptation of the airline industry after the hit of coronavirus pandemic. This virus is affecting the global economy by targeting the most profitable industries and making them collapse. By making a qualitative analysis of the topic, this research paper examines how the airline industry faces such a challenge. Also, it analyses how several airline companies shut down through the huge debt that they faced and how tourism declined sharply in all countries. This paper also examines the slow comeback which was experienced by the airline industry. Finally, the paper proposes a set of policies to overcome the current crisis and future setbacks.
