Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

American Airline Industry Under COVID-19 Pandemic--using Delta as a Typical Case

Authors
Tongxin Caia, , Yuxuan Hub, *, , Xiangyu Lic, *,
aCollege of Business, Colorado State University, Fort Collins, 80521, the United States
bBusiness School, the University of Sydney, Sydney, 2006, Australia
cSchool of Political Science and Public Administration, China University of Political Science and Law, Beijing, 102249, China

These authors contributed equally

*Corresponding author. Email: ayuhu5809@uni.sydney.edu.au
Corresponding Authors
Yuxuan Hu, Xiangyu Li
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.359How to use a DOI?
Keywords
COVID -19; Industrial analysis; Cost-revenue assessment; American airlines; Delta airline
Abstract

This article intended to find out and summarize the changes that American airline companies (Delta as a target) have to undertake in this unprecedented pandemic. Based on accurate statistics of 2020, this paper studies the industry overview mainly from three aspects—cost, revenue, and other issues. The Manpower field operation and the maintenance cost decreased and hedge strategies adjusted sharply during the COVID. In the Revenue part, the authors investigated that from the passenger airlines and the cargo airlines. We also made researches on the performance of stocks, policy regulations, and requirements. As is shown, though the COVID is a devastating impact on many industries, especially on the airline, there is still some good news readers can see from the statistics like derivative hedges, cargo performance, and policy support. This article is not only a review of historical data but also a precaution to the airline industry for those unintended financial catastrophes. This article hopes that not only the U.S. aviation industry, but also the global aviation industry need to pay attention to this type of event. Such incidents will directly affect the normal operation of airlines. Airlines need to reserve multiple plans even to deal with future emergency measures in order to avoid various company-related problems.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Download article (PDF)

Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.359How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Tongxin Cai
AU  - Yuxuan Hu
AU  - Xiangyu Li
PY  - 2022
DA  - 2022/03/26
TI  - American Airline Industry Under COVID-19 Pandemic--using Delta as a Typical Case
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2186
EP  - 2192
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.359
DO  - https://doi.org/10.2991/aebmr.k.220307.359
ID  - Cai2022
ER  -