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North America Aviation Market Trends, Analysis, Growth, Size, Share and Forecast 2025

03-30-2020 01:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Global North America Aviation Market

Global North America Aviation Market

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.

Get Sample Copy of North America Aviation Market at: https://www.omrglobal.com/request-sample/impact-of-covid-19-on-north-america-aviation-industry

Key companies getting affected in the region include Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, and JetBlue.

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.

A full report of Global North America Aviation Market is available at: https://www.omrglobal.com/industry-reports/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.

Verticals Affected Most

o Passenger Airlines
o Cargo Airlines
o Aircraft manufacturing companies
o Airports managing companies
o 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

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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