The Middle East & Africa (MEA) aviation industry will see a considerable growth of 3.2% during the forecast period. The Emirates Group and Qatar Airways are one of the largest airlines in the Middle East and have gained global prominence in the recent past. The outbreak of COVID-19 affects the company’s operations of these airlines. Qatar Airways suspended all of its flights to and from Italy that was one of the worst-hit countries by the COVID-19. Additionally, the company has also decided to scale back its operation which includes cutting flights and removing less economical aircraft. Qatar Airways grounded all its ten A380 aircraft for until 31 of May 2020, as a precautionary measure for the COVID-19 outbreak. In May 2020, the company partnered with UNHCR, the UN Refugee Agency to deliver on its purpose of providing humanitarian relief and assistance to the displaced across the globe. Despite the COVID-19 crisis, the company continues to expand its network across the globe. In June 2020, the company announced to expand its network to Dublin, Milan, and Rome. By the end of June 2020, it is planning to operate at 80 destinations globally. Gradually, the company has started its operations and by June 2020’s first week, it has become the largest carrier all across the globe with the flight operations in more than 40 routes with more than 170 weekly flights.
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The company witnessed an aircraft drop handled (-3%) and cargo handled (-5%), with reduced flight operations at DXB during the runway closure in the first quarter, and a rapid decline in passenger flight operations across markets due to the COVID-19 pandemic in the last quarter. As of March 2020, the company had retained cargo operations and temporarily suspended most passenger operations. The company also implemented a basic salary reduction for the majority of employees for three months, and even 30% job cuts. The company lessened its operations containing temporary closure of operations at some international locations such as Europe and Asia-Pacific where demand is low.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Type |
|
Countries Covered |
Saudi Arabia, UAE, Turkey, South
Africa, Nigeria, and Rest of the MEA |
|
Key Companies Profiled |
Ethiopian Airlines, Etihad
Aviation Group, Qatar Airways, The Emirates Group, and Turkish Airlines |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
MEA Aviation Market – Segmentation
By Type
MEA Aviation Market – Segmentation by Geography
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