COVID-19 Impact on Airline Industry: Challenges, Opportunities, Report

This report provides an analysis of the challenges and opportunities facing the airline industry in the wake of the COVID-19 pandemic. It examines the significant impact of travel restrictions, decreased demand, and supply chain disruptions, highlighting the financial strain on airlines. The report explores potential opportunities such as the advancement of telemedicine and the need for strategic business implementations to navigate the crisis. It also references the importance of international organizations like the World Health Organization (WHO). The analysis includes a discussion on the decline in stock prices, the implementation of cost-cutting measures by airlines, and the potential for government support. Overall, the report assesses the current state of the airline industry, its vulnerabilities, and potential pathways toward recovery and future growth.

INTERNATIONALIZATION

CHALLENGE
• The stocks of the airline industry can be bought even if it is going
through difficulties.
• Most of the customers have cancelled both their vacation and
business trips as they want to avoid the infection (Chinazzi et al.,
2020).
• The airline stock prices have gone down during this pandemic
crisis but it will slowly go up because all types of service and
product deliveries would be resumed at one when the situation is
under control.
• The airlines industry would be facing such challenges in a major
way since they will have to drop the prices of their tickets and
customers will be decreased also.

OPPORTUNITY
• The telemedicine could be improved in this scenario and this
will show the growth and improvement of technology in the
health industry.
• The short time benefits of the preparedness of the healthcare
professionals have been identified. The crisis of COVID19 has
provided the long term benefit of taking such challenges and
enabling everyone to tackle with these challenges.
• The developments of the telemedicine should be implemented so
better opportunities can be gained through this. The support of
the international organizations like World Health Organization
(WHO) is also very relevant to acknowledge the long term
benefits.

IMPLEMENTATION
• The supply chain industry is facing several disruptions due to
the outbreak of the COVID19.
• The managers of the supply chain industries are facing sever
problems because most international airports have been shut
down and export of products from China has completely
stopped (Albulescu, 2020).
• The supply of products has almost stopped and this is a huge
threat for the profits of the companies.
• The cutting off process of the tarde relations between Europe
and USA will cater to the new strategy implementations to
keep the business industry high up.

REFERENCES
• Albulescu, C. (2020). Coronavirus and financial volatility: 40 days of fasting and
fear. arXiv preprint arXiv:2003.04005.
• Chinazzi, M., Davis, J. T., Ajelli, M., Gioannini, C., Litvinova, M., Merler, S., ... &
Viboud, C. (2020). The effect of travel restrictions on the spread of the 2019 novel
coronavirus (COVID-19) outbreak. Science.
• Chinazzi, M., Davis, J. T., Ajelli, M., Gioannini, C., Litvinova, M., Merler, S., ... &
Xiong, X. (2020). The effect of travel restrictions on the spread of the 2019 novel
coronavirus (2019-nCoV) outbreak. medRxiv.
• Huang, C., Wang, Y., Li, X., Ren, L., Zhao, J., Hu, Y., ... & Cheng, Z. (2020).
Clinical features of patients infected with 2019 novel coronavirus in Wuhan,
China. The Lancet, 395(10223), 497-506.
• Mejova, Y., & Kalimeri, K. (2020). Advertisers Jump on Coronavirus Bandwagon:
Politics, News, and Business. arXiv preprint arXiv:2003.00923.
• Paules, C. I., Marston, H. D., & Fauci, A. S. (2020). Coronavirus infections—more
than just the common cold. Jama, 323(8), 707-708.