AVIATION INDUSTRY SUSTAINABILITY IN THE PERIOD OF COVID-19

Mariia Kamenskikh; Vladimir Postnikov

Authors

Mariia Kamenskikh Department of Economics and Industrial Management, Perm National Research Polytechnic University (RUSSIA)
Vladimir Postnikov Department of Economics and Industrial Management, Perm National Research Polytechnic University (RUSSIA)

Keywords:

COVID-19, business, aviation industry, world economy, crisis, sustainability

Abstract

Purpose. The purpose of article is the research of stability of the industry in the period of COVID-19 pandemic. Changes in various industries are considered under the influence of the crisis caused by coronavirus. An analysis of the decrease in production volumes and the actions of specific companies to increase the sustainability of industry is being carried out. Methods. The methods used in the work are: bibliographic research on the topic of research and comparative analysis of statistical data in order to describe trends in business sustainability in the coronavirus pandemic. The analysis was based on the period 2015-2020 on global data on the state of the aerospace industry. Results. Four major challenges have been identified for the aerospace industry during the pandemic. The role of competition in the industry, the role of high capital costs for production, the possibility of a new player in the market is determined. These problems were exacerbated by the negative effects of coronavirus on industry as a whole.

References

. Lucintel. Market Reports from Lucintel, a Market Research Report Company.

. Eklund, M.A. The COVID-19 lessons learned for business and governance. SN Bus Econ 1, 25 (2021). https://doi.org/10.1007/s43546-020-00029-2

. Leitner, S., Gula, B., Jannach, D. et al. (2021). Understanding the dynamics emerging from infodemics: a call to action for interdisciplinary research. SN Bus Econ 1, pp. 23 https://doi.org/10.1007/s43546-020-00027-4

. Aerospace & Defense Manufacturing. Statistics and Market Data on Aerospace & Defense Manufacturing. Avaliable at: https://www.statista.com/markets/407/topic/939/aerospace-defense-manufacturing [accessed 09.03.2021].

. Agrawal, A. (2020). Sustainability of airlines in India with Covid-19: Challenges ahead and possible way-outs. J Revenue Pricing Manag. doi.org/10.1057/s41272-020-00257-z

. Vinod, B. An approach to adaptive robust revenue management with continuous demand management in a COVID-19 era. J Revenue Pricing Manag 20, 10–14 (2021). https://doi.org/10.1057/s41272-020-00269-9

. Karunathilake, K. (2020). Positive and negative impacts of COVID-19, an analysis with special reference to challenges on the supply chain in South Asian countries. J. Soc. Econ. Dev. https://doi.org/10.1007/s40847-020-00107-z

. UN news. Avaliable at: https://news.un.org/ru/story/2016/08/1289901 [accessed 20.03.2021].

. Vukovic, N., Pobedinsky, V., Mityagin, S., Drozhzhin, A., Mingaleva, Z. A study on green economy indicators and modeling: Russian context. Sustainability (Switzerland), 2019, 11(17),4629. doi:10.3390/su11174629

.Yeoman, I. Changing worlds of revenue management. J Revenue Pricing Manag 19, pp. 227 (2020). https://doi.org/10.1057/s41272-020-00255-1

.Mizrachi, I., Gretzel, U. Collaborating against COVID-19: bridging travel and travel tech. Inf Technol Tourism 22, 489–496 (2020). https://doi.org/10.1007/s40558-020-00192-0

.Whitler, K.A., Besharat, A. & Kashmiri, S. Exogenous brand crises: brand infection and contamination. Mark Lett 32, 129–133 (2021). https://doi.org/10.1007/s11002-020-09554-4

.Airbus. Avaliable at: https://www.airbus.com [accessed 09.03.2021].

.Basher, S.A., Haque, A.K.E. (2020). Public policy lessons from the Covid-19 outbreak: How to deal with it in the post-pandemic world?. J. Soc. Econ. Dev. https://doi.org/10.1007/s40847-020-00118-w

.Garrow, L., Lurkin, V. (2021). How COVID-19 is impacting and reshaping the airline industry. J Revenue Pricing Manag 20, pp. 3–9. https://doi.org/10.1057/s41272-020-00271-1

.Gavrilova, I.S., Gyazova, M.M. (2021). Analysis of the market for the air transportation of bulky and heavy cargo: trends and prospects. J Revenue Pricing Manag 20, pp. 66–75. https://doi.org/10.1057/s41272-020-00252-4