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