An Analysis of the Global Civil Aviation Market and a Forecast of its Development in the Face of Unstable Demand for Air Transportation

Abstract

The publication is aimed at researching the current status of the global civil aviation market and forecasting its development in the face of unstable demand for air transportation caused by the pandemic of coronavirus infection COVID-19. It is specified that civil aviation is one of the most important components of the global transport system, which provides jobs and influences development of the economy of any country in the world. The status of the global civil aviation market, the dynamics and structure of air transportation by regions of the world are analyzed; role of air transportations in the development of world trade and tourism is defined; the main trends in the global civil aviation market for the next decade are presented. To plan the activities of airlines, airports, aeronautical systems, etc. forecasts of passenger and freight transportations, the aircrafts' traffic together with the related parameters are required. Both global and regional forecasts of the global civil aviation market for 2020 before and after the unstable demand for air transportation caused by the coronavirus pandemic are analyzed, economic consequences are provided. In 2020, it was planned to increase revenue from air transportation by 4%, up to 872 billion U.S. dollars, but due to the spread of COVID-19, carriers around the world could lose between 63 billion and 113 billion U.S. dollars. However, it is not yet possible to provide a definitive assessment of the impact of the current situation in the global civil aviation market.