Covid Impact on US Airlines
The covid19 pandemic has also had a significant impact on US airlines. Some of the key areas impacted:
Impact on Passenger Volume
One of the most significant impacts of the COVID-19 pandemic on the global airline industry has been a decline in passenger volume. The imposition of travel restrictions and quarantine measures has resulted in a significant reduction in demand for air travel.
Impact on Aircraft Movements
In addition to the decline in passenger volume, the COVID-19 pandemic has also had a significant impact on aircraft movements. The imposition of travel restrictions and quarantine measures has resulted in a significant reduction in demand for air travel, leading to a decline in aircraft movements.
Impact on Airline Revenues
As expected, the decline in passenger volume and aircraft movements has resulted in deep and significant impact on the revenue of airlines.
Costs
To mitigate the impact of the pandemic, a number of cost-cutting measures, such as layoffs, furloughs, and salary cuts had to be initiated.
As IATA indicated, the impact has been deep and profound.
Key Stats: Seats, 2019, 2020, 2021, 2020 (Jan-Nov)
Exhibit 1
Exhibit 2
Exhibit 3: Domestic Seats
Exhibit 4: International Seats
Exhibit 5: US Seats by Month, 2019
Exhibit 6: US Seats by Month, 2022
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