Post pandemic aviation market recovery: Experience and lessons from China.
In: Journal of Air Transport Management, Jg. 90 (2021), S. N.PAG
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Zugriff:
China was the first aviation market in the world hit hard by COVID-19 and has been recovering gradually as the pandemic became largely under control within mainland China. This study reviews the recovery pattern influenced by the Chinese government's aviation policy choices, in the hope that our discussions and findings will help improve aviation policy responses elsewhere. While the domestic market in mainland China has enjoyed a quick recovery to about 80% of the pre-crisis level by July 2020, the recovery of international services has been much slower, due to the bilateral route and flight frequency/capacity control and strict requirements for health check and quarantine. China's domestic aviation market was recovered by about 80% in two months after the pandemic became under good control. Most other countries with a "curve flattening" strategy, instead of full pandemic control, may not expect the fast recovery path China has achieved. A British "travel corridor" approach may be more practical for Western countries to follow, albeit more likely to be subject to serious setbacks and disruptions. The aviation fee reductions and cost support China and many other countries have been using are helpful by reducing airlines' marginal costs, but not sufficient for carriers to return to profitability or sustainable operations. Capital injection and/or credit guarantee may be needed for many airlines to survive. With various, often uncoordinated, regulations imposed in international markets, airlines based in open economies that have small domestic markets will face particularly serious challenges during the recovery process. • The domestic market in mainland China has enjoyed a quick recovery, with much slower recovery of international markets. • Slow recovery in international markets are mainly due to control and strict requirements for health check and quarantine. • Market recovers may not be feasible for countries with a "curve flatting" strategy. • Capital injection and/or credit guarantee may be needed for many airlines to survive. • Airlines based in open economies that have small domestic markets will face particularly serious challenges. [ABSTRACT FROM AUTHOR]
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Titel: |
Post pandemic aviation market recovery: Experience and lessons from China.
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Autor/in / Beteiligte Person: | Czerny, Achim I. ; Fu, Xiaowen ; Lei, Zheng ; Oum, Tae H. |
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Zeitschrift: | Journal of Air Transport Management, Jg. 90 (2021), S. N.PAG |
Veröffentlichung: | 2021 |
Medientyp: | academicJournal |
ISSN: | 0969-6997 (print) |
DOI: | 10.1016/j.jairtraman.2020.101971 |
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