Dynamics of the aviation industry: trends and pandemic challenges

Abstract

The article considers the dynamics of the aviation industry development in the "pre-pandemic era" and the current situation in the industry related to the spread of COVID-19 and its consequences. The International Air Transport Association (IATA) noted that the aviation industry has never faced such a situation in its history. To solve such urgent problems, coordinated measures are being taken by aviation authorities and businesses around the world. In the article, the author focuses on the fact that it will not be possible to smooth the consequences of the current economic instability without effective state support. Airline management, for its part, also needs to develop new strategies, learn to use new tools and standards, promising technologies, and mobilize all the opportunities for further development, which will certainly open up, as the consequences of the crisis lead to the positive changes necessary for further growth. It is noted that in order to achieve a balanced and effective restart of the industry, a global approach is needed, based on the assessment of measures to reduce the risks of restoring the industry with the need to unblock the economy and provide opportunities for passenger air travel.