This report examines the multifaceted impact of the COVID-19 pandemic on the aviation industry, focusing on operational and financial consequences. It discusses how airlines, specifically referencing British Airways, have suspended operations, faced reduced air traffic, and experienced significant financial losses due to lockdowns and decreased passenger demand. The report details the operational impacts, including grounded planes and cargo disruptions, and the financial repercussions, such as reduced aeronautical and non-aeronautical incomes. Furthermore, it explores future risks like changes in demand and financial instability, while also outlining measures such as cost reductions and airport-airline collaborations aimed at mitigating the pandemic's effects. The conclusion emphasizes the industry's resilience and the importance of adapting to overcome challenges and secure its future.