Economics

Summative
Criterion B
Aviation industry during the coronavirus pandemic
I brainstormed what should be a feasible research question for this topic. And
wrote it in a sequence from my first research question to the last on highlighted
in red.
Research Question
To what extend has the covid-19 outbreak affected the demand and supply of
airline tickets?
To what extend has the covid-19 outbreak affected the cost of airline tickets?
To what extend has the covid-19 pandemic affected the aviation industry?
To what extend has the covid-19 pandemic affected the aviation industry at
present and post-pandemic?

Aarav Gupta
9B

1
 Table of content
Topic Page no.
Research question Pg.1
Introduction Pg.3
Action Plan Pg.4
OPVL of sources Pg.5
Bibliography Pg.6

2
 Introduction
To what extend has the covid-19 pandemic affected the aviation industry at
present and post-pandemic?
I choose this research question because I wanted to research about the aviation
industry as that is one of the most negatively impacted industry due to covid-19
outbreak. I will research about the current effects of the coronavirus towards
aviation as well as the post-pandemic situation as many commercial airlines will
go bankrupt due to low sales and high fixed costs.
Many small-scale airlines have already declared bankruptcy such as Flybe (UK
regional airline they operated about 40% of all domestic flights in the UK) on
March 5th. Trans states airlines (based in US and operated under the United
express brand.) would also close and cease all operations on April 1 st. and
Compass Airlines (based in US which operates flights under the American
airlines brand) also shut down in April leaving the domestic capacity of
American airlines to 80%. 1And many analysts believe that many more will
declare bankruptcy during the pandemic.
There are less airlines flying right now during the pandemic as we can see in
this image of the flights taking place of the trans-Atlantic route. Before the
Trump’s Airline Ban and after the Europe ban.

Image taken from Flight Radar 24 (an online platform from which we can check
live airline locations.) refer bibliography for MLA citation
1
"Many of The World's Airlines Could Be Bankrupt. These Airlines Have Already Collapsed
Because Of The Pandemic.". Business Insider, 2020, https://www.businessinsider.com/coronavirus-
airlines-that-failed-bankrupt-covid19-pandemic-2020-3?IR=T#compass-airlines-us-march-2020-
3. Accessed 13 Apr 2020.

3
 Action Plan
Sc. No. Task Resources Timeline Status
1 Introduction to Primary- 6th April 2020 Achieved
criterion B and the teacher
overall process
2 Identifying the area Brainstorming 9th April 2020 Achieved
of research and on what would
finalising the be a feasible
research question. RQ and area of
research.
3 Write about why I None because 10th April 2020 Achieved
choose this RQ/ I am writing
introduction about the
Significance of
my RQ
4 Creation of the None because 11th April 2020 Achieved
Action Plan I am making
the action plan
5 OPVL of all Secondary- 11th April 2020 Achieved
secondary sources internet
6 Research Secondary- 12th April 2020 Achieved
internet – 13th April
2020
7 Writing the Article Secondary- 14th April 2020
internet – 15th April
2020
8 Submission and None 15th April 2020
review of the first
draft
9 Writing the None because 16th April 2020
conclusion of my it is an – 17th April
research analysis and 2020
writing of the
conclusion
10 Review and rewrite Secondary – 18th April 2020
of the first draft of internet – 19th April
the news article 2020
11 Submission and None because 20th April 2020

4
 presentation it is a
presentation

OPVL of Secondary Sources

Source 1- https://www.iata.org/en/iata-repository/publications/economic-reports/covid-fourth-
impact-assessment/

Source 2- https://www.businessinsider.com/coronavirus-airlines-that-failed-bankrupt-covid19-
pandemic-2020-3?IR=T

Source 3- https://www.youtube.com/watch?v=4WFMt14dSoQ
SOURC ORIGIN PURPOSE VALUE LIMITATIONS
E
Source 1- This market The purpose of The report tells about the As the pandemic
It is a analysis report this report is to financial conditions of the crisis is not yet
market was done by the present the data aviation market in graphs. over, the
analysis IATA on 14th collected by the The report compares the predictions are
done by April 2020 IATA and update financial conditions of the not accurate as
the IATA therefore it is very the existing aviation industry now and of we see in the last
recent and reliable reports. This is an the last year. One graph report the total
because it is done updated covid-19 shows the predictions of the loss of airline
by the impact Recession going on and how revenue would be
international air assessment. The it affects the aviation $252 billion but
transport IATA does this to industry. According to the now the report
association which inform people, report published 3 week ago states $314 billion
is the international shareholders, the total cost of the pandemic and if the
committee of government and towards the aviation industry situations gets
aviation. The the airlines about would be $252 billion but worse then the
impact assessment the current now it is estimated to be over predictions would
was done by situation of the $314 billion. There are more also change.
Brian Pearce who market. graphs about the future
is a chief predictions of the market as
economist of the well.
IATA
Source 2- This news article The purpose of The article tells about what As the article is
news is published on this article is to all airlines have declared focusing on
article the business inform people bankruptcy due to the smaller airlines
from the insider, which is a about the current coronavirus pandemic, how which mostly
business very reputed news and future many more airlines could operates
insider channel, they also situation for also be in trouble, and what domestically the
have a YouTube airline companies the government can do and market for this
5
 channel. The as many airline need to do in order to save article is talking
article was written companies have some of the bigger airlines. about the 33% of
by David Slotnick gone bankrupt, The article also talks about all airline travel
and published on and many more how the USA is talking the which is domestic
29th march. Which could in the issue by bailing out airlines and the other 67%
makes it quite upcoming for $58 billion to survive the is not talked
recent. months. pandemic and not declare about
bankruptcy. (international).
Source 3- This video is The purpose of The video tells many things This video was
YouTube made by CNBC this video is to about the aviation industry posted on 25th
video by (consumer news inform people by relating the current events march which is
CNBC and business and spread and the past ones and depict around 20 days
channel) which is awareness about that can major airlines such before at the time
a global financial how the as united can survive and not of writing and
and commerce pandemic has close. The video feat. Many some of the data
news channel. affected the economists and pilots which is not accurate.
CNBC makes aviation industry makes the video reliable and
YouTube videos right now as well informative. The video also
and news articles as the past events showcases the numbers of
on their website. like the 9/11 the loss in passenger planes
which crashed a capacity and the number of
crash in the flights taking place every
aviation industry. day.
Bibliography
CNBC, 2020. Can Major U.S. Airlines Survive The Coronavirus Outbreak? [video] Available at: <
https://www.youtube.com/watch?v=4WFMt14dSoQ > [Accessed 13 April 2020]..

"Many of The World's Airlines Could Be Bankrupt. These Airlines Have Already Collapsed Because
Of The Pandemic.". Business Insider, 2020, https://www.businessinsider.com/coronavirus-airlines-
that-failed-bankrupt-covid19-pandemic-2020-3?IR=T#compass-airlines-us-march-2020-3 .
Accessed 13 Apr 2020

Iata.org. 2020. Covid-19 Updated Impact Assessment. [online] Available at: <

https://www.iata.org/en/iata-repository/publications/economic-reports/covid-fourth-impact-assessment
> [Accessed 14 April 2020].

"Live Flight Tracker - Real-Time Flight Tracker Map | Flightradar24". Flightradar24, 2020,

https://www.flightradar24.com/ . Accessed 13 Apr 2020.
"Impact Of The 2019–20 Coronavirus Pandemic On Aviation". En.Wikipedia.Org, 2020,
https://en.wikipedia.org/wiki/Impact_of_the_2019%E2%80%9320_coronavirus_pandemic_on_aviat
ion . Accessed 14 Apr 2020.
"Aviation Sector Under Lot of Pressure, Says SpiceJet Chief Amid Coronavirus Outbreak". The
Economic Times, 2020, https://economictimes.indiatimes.com/industry/transportation/airlines-/-

6
aviation/aviation-sector-under-lot-of-pressure-says-spicejet-chief-amid-coronavirus-
outbreak/articleshow/74596137.cms?from=mdr . Accessed 14 Apr 2020.
Press, Associated. "$25 Billion In Airline-Industry Aid Held Up As Treasury Insists On Loans, Not
Cash Grants". Marketwatch, 2020, https://www.marketwatch.com/story/25-billion-in-airline-
industry-aid-held-up-as-treasury-insists-on-loans-not-cash-grants-2020-04-13 . Accessed 15 Apr
2020.
"55 Global Airlines Have Completely Stopped Flying Scheduled Flights Due To Travel Bans,
Airspace Closures, And Low Demand For Travel - See The Full List". Business Insider, 2020,
https://www.businessinsider.in/thelife/news/55-global-airlines-have-completely-stopped-flying-
scheduled-flights-due-to-travel-bans-airspace-closures-and-low-demand-for-travel-see-the-full-
list/articleshow/74819494.cms . Accessed 20 Apr 2020.