Airline Business. The Role of Governments in Supporting Airlines in the COVID-19 Crisis

Seminar paper from the year 2021 in the subject Transportation Science & Technology, grade: 70, City University London, language: English, abstract: In this paper, the author examines the background of government intervention in the airline industry due to the grounding forced by the coronavirus disease 2019 (COVID‐19). Political involvement can mean assets and drawbacks. In the end, it will be interesting how the government‐airline relationship will evolve in the post‐pandemic phase.Out of the blue, the black swan COVID‐19 circles planet earth. Closure of borders and travel bans spread like supersonic expansion. The pandemic paralyses flying principles. Within days, many airlines around the globe ground their entire fleets and run into difficulties through no faults. Why do governments intervene in the airline business? IATA believes it is the only solution As long as travel bans exist, it will be almost impossible for passenger airlines to connect countries and continents again. The author provides a critical evaluation of some airlines in different countries and continents. It remains questionable which airlines can make the journey through the crisis.