The COVID-19 pandemic has affected investment markets in a number of ways, but perhaps no other sector has been as visibly impacted as airports and airlines. Flights have been all but canceled globally, and the decline in revenue and investment performance has been pronounced.
According to Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?, a report by Oxford Smith School of Enterprise and the Environment, “aviation volumes have collapsed, with international airlines projecting a reduction of 503–607 million passengers and losses of $112 billion to $135 billion in the first half of 2020. … Even the aviation industry anticipates a permanent shift in the nature of travel, with business travel projected to be permanently suppressed and with flight volumes that return to pre-crisis levels at a slower rate than in other recent pandemics.”
A post-coronavirus environment could prove difficult, especially if climate change
