UK aviation industry will see a considerable growth of 3.3% during the forecast period. As the cases in UK rose, the government took drastic measures to contain the COVID-19 pandemic by implementing flight restrictions on import, export, and tourism. Additionally, the travel restrictions on the foreign tourist and canceling visa on arrival further created a downfall in the country’s aviation industry. With the exponential rise in the COVID-19 cases in UK, the airlines have halted their businesses owing to partial or complete lockdown in the various cities. The number of annual air passengers, demand for new airplanes their parts, staff, and so on is the major parameters that are being affected by the spread of the COVID-19 pandemic. For instance, in April 2020, British Airways, a major customer of Airbus had announced to lay off 12,000 jobs (almost a third of its workforce) in the face of a slump in demand.
Browse the full report description of "UK 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 UK Aviation Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/uk-aviation-market
Due to the COVID-19 impact, many airline companies many get collapsed or will foresee a huge revenue loss. For instance, UK airline Flybe that had been flying around 9 million passengers a year to 170 destinations got collapsed due to the spread of the COVID-19 pandemic in the country. The unavailability of the company to arrange alternative flights for its passengers is a key factor responsible for this collapse. Furthermore, due to the adverse effect of COVID-19 on the revenue generation of the aviation industry, some of the UK airlines had asked for the bail-out packages from the government to survive in the market. Britain's aviation industry called on the government to find an alternative to quarantine plans for international arrivals or risk seeing airlines and airports to deal with the adverse effect of pandemic spread. Moreover, the airlines are planning to sell some part of their asset to decrease their loss due to the COVID-19 pandemic.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2025 |
|
Base year |
2018 |
|
Forecast period |
2018-2025 |
|
Segments Covered |
By Type |
|
Key Companies Profiled |
Virgin Atlantic,
British Airways, Easy Jet, and Jet2.com |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
UK Aviation Market – Segmentation
By Type
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