31 Mar Aviation and the Economy – Scenarios for RecoveryReading Time: < 1 minute
The spread of COVID-19 (the Coronavirus) is having an unprecedent impact on not just the aviation industry but the global economy. While the immediate and most pressing concern is human cost in terms of people’s health and the tragedy of escalating fatalities, COVID-19 has some profound implications for nearly all businesses and industries. have placed similar restrictions on both inbound and outbound travel.
The impact on aviation has been predictably catastrophic; ACI Europe reports that passenger traffic at European
airports has declined over 54% since late February, as of March 15. Often the data has not able to keep up with events.
In this, the first of our Briefing Notes, we take a look at the impacts on aviation, the economy and specifically the scenarios for recovery.