American Airline Industry Under COVID-19 Pandemic--using Delta as a Typical Case
- https://doi.org/10.2991/aebmr.k.220307.359How to use a DOI?
- COVID -19; Industrial analysis; Cost-revenue assessment; American airlines; Delta airline
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.
- © 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 -