France aviation industry will see a considerable growth of 1.7% during the forecast period. With the increase in the number of cases, the number of departures decreased in the country in the past few months. Though, a seamless growth can be seen in the number of departures from June 2020. Moreover, government support and high air traffic in France will expedite the recovery of the aviation industry post the lockdown. The aviation companies in France, such as Dassault Aviation, have claimed a loss in revenue since March 2020. The Government of France has announced a $16.9 billion rescue package for the aviation industry, including Airbus and national airline Air France. The money includes direct government investment, loans, subsidies, and loan graduates.
Browse the full report description of "France Aviation Market Size, Share & Trends Analysis Report by Type (Passenger Airlines, Cargo Airlines, Aircraft Manufacturing, Airport Management, and Catering & Other Services), Impact of COVID-19 on France Aviation Industry, and Forecast Period 2019-2025" at https://www.omrglobal.com/industry-reports/france-aviation-market
The outbreak of the COVID-19 pandemic severely impacted the operation of the Airbus SE. The company started lay off and salary cut along with the operations slash to deal with the COVID-19 pandemic. For instance, in April 2020, the company slashed its aircraft output by a third in a stark concession as part of a restructuring forced on the carrier due to the COVID-19 pandemic. The company announced to produce about 48 planes across its A320, A330, and A350 programs. The company also announced to reduce the rates on advanced A350 wide-body from 10 per month to six. The company accounted for a loss of approximately $522 million in comparison with the profit of nearly $56.5 million in the same period last year. The revenues were 15.2 % less in the first quarter reflecting the company strongly impacted by the pandemic.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Type |
|
Key Companies Profiled |
Air France KLM-SA,
Airbus SE, ASL Airlines France, Dassault Group, Air Corsica, and Airlinair |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
France Aviation Market – Segmentation
By Type
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