Coronavirus Outbreak: Aerospace Industry Fights Back with Business Mitigation Strategies
The coronavirus outbreak isn’t just a massive health crisis; it’s an economic one as well. Businesses across the world are faltering as China, one of the nerve centers of the global economy struggles to cope with the epidemic. For the world’s economic health, an early resolution to the crisis isn’t just a hope, it’s imperative.
Coronavirus has caused immense disruption in the aviation industry and airlines across multiple continents, including Australia, North America, Europe, and Asia, have been canceling air travel to China and back. Today, China accounts for around 16% of global airline capacity and, if current trends continue, capacity is likely to drop to between 7%-8%.
For more information about the coronavirus outbreak and its impact, please download the complimentary whitepaper. Alternatively, schedule a meeting with our research team to gain insights into risk mitigation strategies.