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Assessing COVID-19 and the Aviation Industry
16 April 2020
Frost & Sullivan’s team of experts is ready to guide you through these turbulent times.
The coronavirus pandemic isn’t just a massive health crisis; it’s an economic one as well. The COVID-19 pandemic has caused immense disruption to the global aviation industry, with its impact largely felt in Asia-Pacific. In their efforts to contain the pandemic, several countries have imposed travel restrictions on Chinese passengers, and airlines across multiple continents have canceled air travel to and from China. Frost & Sullivan estimates that if current trends continue, major Asian airlines are expected to incur a combined loss of up to USD 2.05 billion should the ban on flights to China continue until the end of April 2020.
Uncertainty can paralyze decision-making and cause leaders to miss opportunities during times of distress. Frost & Sullivan provides insight and guidance to ensure stability and long-term strength in your business by helping to sustain and grow your organization during pandemics, recessions, and beyond.
Common questions that we are receiving:
What are the near-term and long-term implications for me and my company?
What are the best practices and recommendations for business survival?
What are realistic market scenarios I need to be aware of as I make strategy changes?
What actions should we take now to accelerate our growth as we emerge from this crisis?
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