European Aviation industry is concerned with the manufacturing and operations of all types of aircraft and related services during transportation. Factors that were driving the European aviation industry before the COVID-19 pandemic include increasing disposable income all across the globe, the introduction of low-fare airlines, increasing tourism in the European economies, among others. Moreover, the replacement of aging commercial aircraft has also contributed significantly to the market growth of aircraft manufacturers.
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Europe is the most affected region due to the COVID-19 pandemic. Spain and Italy have registered more than 100,000 cases related to COVID-19 till the tart of April 2020. Major factors affecting the aviation industry after the pandemic include the decline in tourism in the region due to government advisories and lockdown all across the globe. Besides, lockdown in the European countries to reduce the spread of the coronavirus causes reduced commercial activities results in a sharp downfall in cargo airline movement too.
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Impact on European Aviation industry due to COVID-19 Pandemic Market Segmentation
• Passenger Airlines
• Cargo Airlines
• Aircraft manufacturing companies
• Airports managing companies
• Catering & other service providing companies
• Rest of Europe
• Air France–KLM S.A
• Airbus SE
• British Airways PLC
• Deutsche Lufthansa AG
• EasyJet PLC
• Finnair Oyj
• International Consolidated Airlines Group, S.A.
• Norwegian Air Shuttle ASA
• Qatar Airways Group
• Ryanair DAC
• SAS AB
• Swiss International Air Lines AG
• The Boeing Co
• The Emirates Group
• Turkish Airlines
• Virgin Atlantic Airways Ltd.
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