The Asia-Pacific aviation industry has witnessed potential growth over the years owing to the increasing demand for air travelling and emerging international trade activities. As per the International Air Transportation Association (IATA), in January 2019, Asia-Pacific carriers reported an increasing demand for international passengers by 7.1% than January 2018. In January 2019, the capacity of international passenger traffic in the region increased 5.1%, and load factor reached 81.7%, a rise of 1.5 percentage points as compared to January 2018, which is the second largest among regions. This is spurred by increasing incomes and a significant rise in the number of airport pairs.

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In January 2019, Asia-Pacific held the largest share of 34.5% in the total passenger air traffic in terms of revenue passenger kilometers (RPKs), followed by Europe (26.7%) and North America (22.4%), respectively (IATA). However, the Asia-Pacific aviation industry is currently facing a significant decline in domestic and international travelling amid COVID-19 pandemic. The cancellation of flights, travel bans, and border closures have resulted in the decline of the Asia-Pacific aviation industry. As per the International Civil Aviation Organization (ICAO), in March 2020, a remarkable decline of 82% in international passenger capacity was reported in China.

As the coronavirus is originated from China, the global passengers travelling from China is the major risk factor to the countries where the flights will arrive. As a result, several countries have reduced or cancelled their flights to and from China. For instance, in January 2020, British Airways suspended direct flights to and from China, due to the confirmed cases of COVID-19 infection in Germany and France. On 28th February 2020, United Airlines have widened the suspension of flights between the US airport hub locations and Hong Kong, Shanghai, Chengdu, and Beijing through 30th April 2020. This measure has been taken due to the significant drop in the demand and outbreak effect.

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Impact of COVID-19 on Asia-Pacific Aviation Industry Market Segmentation

By Verticals Affected Most

Passenger Airlines

Cargo Airlines

Aircraft Manufacturing Companies

Airports Managing Companies

Others

Company Profiles

Adani Enterprises Ltd.

Air China Ltd.

Air India Ltd.

Airbus SE

Airports of Thailand Public Co. Ltd.

China Southern Airlines Co., Ltd.

GMR Group

InterGlobe Aviation Ltd. (IndiGo)

Japan Airlines Co., Ltd.

Juneyao Airlines Co., Ltd.

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