openPR Logo
Press release

Impact on European Aviation industry due to COVID-19 Pandemic Market Research Report 2021-2027 | Share, Global Trends, Key Players, Growth Analysis.

09-07-2021 03:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

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.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-on-european-aviation-industry-due-to-covid-19-pandemic

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.

Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/impact-on-european-aviation-industry-due-to-covid-19-pandemic

The European aviation industry report is segmented into passenger airlines, cargo airlines, aircraft manufacturing companies, airports managing companies, and catering & other service providing companies. Due to the COVID-19 pandemic, the passenger airline segment is expected to be the most affected segment in the region. Moreover, there is a possibility that airlines will cancel orders of new airplanes due to bad economic conditions which will affect the airplane manufacturing companies in the near future. Effect of COVID-19 on the aviation industry is witnessed in each country in the region including UK, Germany, Spain, Italy, France, and others. France and Italy will be among the most affected country as the number of international tourists are higher as compared to other countries in the region.

Key companies of the aviation industry that are getting affected in the region include Air France–KLM S.A, Airbus SE, British Airways PLC, Deutsche Lufthansa AG, Qatar Airways, Ryanair DAC, SAS AB, Swiss International Air Lines AG, The Emirates Group, Turkish Airlines among others. A number of companies have shut down their operations in European countries due to government orders or operating at a very little occupancy.

As estimated, airports in Europe will receive 700 million fewer passengers in 2020, which is 28% less as expected earlier. The companies have decided to scale back its operation which includes cutting flights, removing less economical aircraft and lay off their employees. For instance, in April 2020, Air France-KLM S.A announced to reduce its capacity by 70% to 90% for the next two months due to travel restrictions in various countries. In addition, airlines and airport managing companies are asking for bailout packages from the government to survive otherwise many airlines can get bankrupt. As an estimate, the airport managing companies in Europe will incur a loss of around $15.4 billion due to coronavirus pandemic.

Segmentation
• Passenger Airlines
• Cargo Airlines
• Aircraft manufacturing companies
• Airports managing companies
• Catering & other service providing companies

Regional Analysis
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Companies Profile
• 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.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/impact-on-european-aviation-industry-due-to-covid-19-pandemic

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impact on European Aviation industry due to COVID-19 Pandemic Market Research Report 2021-2027 | Share, Global Trends, Key Players, Growth Analysis. here

News-ID: 2384609 • Views:

More Releases from Orion Market Research

Road Marking Paint Market : A Guide to Understanding the Process
Road Marking Paint Market : A Guide to Understanding the Process
The Road Marking Paint Market, valued at approximately USD 5.02 billion in 2023, is projected to reach around USD 7.69 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.36% from 2024 to 2033. Road Marking Paint Market Overview The Road Marking Paint Market is steadily expanding, driven by burgeoning infrastructure investments and the need for improved road safety. Governments and municipalities are increasingly allocating funds toward both new
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Gr …
The Outboard Boats Market, valued at approximately USD 5.74 billion in 2023, is projected to grow to around USD 14 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 9% over the 2024-2033 period. Outboard Boat Market Overview The Outboard Boat Market continues to expand robustly, fueled largely by rising demand for recreational boating, favorable economic conditions, and the appeal of leisure marine activities. Innovations in outboard motor technology-including
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and …
The Mobile Ticketing Market, valued at about USD 2.9 billion in 2023, is anticipated to grow to approximately USD 11.39 billion by 2033, reflecting a robust CAGR of 16.7% from 2024 to 2033. Mobile Ticketing Market Overview The Mobile Ticketing Market is undergoing rapid expansion, driven primarily by the global surge in smartphone usage and consumer preference for contactless, digital experiences. This growth is further propelled by widespread adoption of digital payments,
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Grow …
The Metal Alloy Market, valued at approximately USD 301.7 billion in 2023, is projected to reach USD 533.9 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033. Metal Alloy Market Overview The Metal Alloy Market is experiencing steady, long-term expansion, driven by growing demand from key sectors such as automotive, aerospace, construction, and electronics. Applications in next-generation vehicles and aircraft are pushing interest in

All 5 Releases


More Releases for Air

Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry
Air Medical Services Market 2019 Development Status - EMS 24-7, Air Methods, PHI …
Global Air Medical Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024 offers a stronger and effective business outlook. The report deals with a complete overview of Air Medical Services market which comprises definitions, a wide range of statements and an entire chain structure. The report delivers an in-depth analysis of different attributes of industries such as trends, developments, policies, and clients operating in different regions. The
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft. Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North