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China is the fastest-growing aviation industry globally owing to the robust growth in the demand for air travelling, expanding middle-class population, and rising foreign trade operations. In addition, government initiative for airports construction and availability of low-cost airlines has led to the growth of the China aviation industry. As per the Civil Aviation Administration of China (CAAC), in 2018, Chinese airports handled nearly 1.3 billion passengers, increased by 10.2% as compared to 2017.
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Orion Market Research North America Aviation Market Size, Share, Growth, Research and Forecast 2019-2025 Request https://www.omrglobal.com/request-sample/impact-of-covid-19-on-north-america-aviation-industry a free sample of our report on North America Aviation Market: ------------------------------------------------------------------------------------ Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404
North America aviation industry includes airline companies, airport managing companies, and aircraft manufacturing companies along with the companies involved in the management of the airport and aircraft. The factors that were fueling the growth of the market before the COVID-19 pandemic include the expected capacity growth owing to new aircraft deliveries, lowered operating costs, and grounding of older airplanes, and increased fuel-efficient aircraft. Additionally, increased economic activity and a growing global economy had provided the basis for the North American aviation industry to grow in recent years. A full report of North America Aviation Market is available at: https://www.omrglobal.com/industry- reports/impact-of-covid-19-on-north-america-aviation-industry However, with the outbreak of COVID-19 since December 2019, the industry of North America Aviation has shown some discouraging results in the growth rate. The US has travel advisories or outright bans in order to restrict the spread of the virus. Also, the combination of trip cancellations and country-specific restrictions on international flights is costing the North American aviation industry with a sudden decrease in the revenue. By the end of March 2020, the US has registered the highest cases of COVID-19 that is more than 100,000. Moreover, Canada has also registered around 5,000 cases due to the pandemic. To prevent the further spreading of the virus the airline companies are suspending or canceling the domestic as well as international air services. To learn more about this report request a free sample copy @ https://www.omrglobal.com/request- sample/impact-of-covid-19-on-north-america-aviation-industry North America Aviation industry report is segmented based on verticals into passenger airlines, cargo airlines, aircraft manufacturing companies, airports managing companies, and catering & other service providing companies. Almost all the segments of the North American aviation industry have experienced a downfall in revenue generation during the outbreak. Moreover, in the US, the lockdown situation is going on for a long period of time as per the government guidelines. Most of the aviation companies also had to cut down the workforce due to the cancelation of domestic as well as all international flight. Key companies getting affected in the region include Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, and JetBlue. Aviation companies such as airlines and cargo carriers are seeking around $58 billion in loans and grants along with additional tax changes to cover from the COVID-19 pandemic. Numerous airports have also sought $10 billion in the form of loans and grants to survive the COVID-19 outbreak. Additionally, due to the slashed travel as a result of coronavirus pandemic, the stock of companies such as Boeing is down more than 60% over the last month. Moreover, Boeing also asked government support for a minimum of $60 billion in access to public and private liquidity, including loan guarantees, for the aerospace manufacturing industry.
Verticals Affected Most Passenger Airlines Cargo Airlines Aircraft manufacturing companies Airports managing companies Catering & other service providing companies For more customized data, request for report customization @ https://www.omrglobal.com/report- customization/impact-of-covid-19-on-north-america-aviation-industry Regional Analysis US Canada Company Profiles Airbus SE Alaska Airlines, Inc. Allegiant Air LLC American Airlines Group, Inc. Delta Air Lines, Inc. Frontier Airlines, Inc. Hawaiian Airlines, Inc. JetBlue Airways Corp. Southwest Airlines Co. Spirit Airlines Inc. The Boeing Co. United Airlines, Inc.
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