The document discusses Europan Airlines' strategic responses to the COVID-19 pandemic. It summarizes that airlines took measures like retrenchment to cut costs, persevering to preserve operations, and innovating through strategies like converting passenger planes to cargo. National governments played a prominent role by providing state aid to airlines to help them persevere and innovate. This state intervention may reset the convergence of business models between network carriers and low-cost carriers and cement the industry structure in Europe in the short term by preventing further consolidation.
In this session, we will cover the predictions of travel including potential future regulations and recovery.
This webinar will feature;
Rob Gurney, CEO @ OneWorld
Sergio Merino, Co-Founder @ iVisa
Stig Goran Karisen Williams, Head of Partnerships @ Avis Budget Group -
The webinar is being moderated by Caroline Dal'lin, Director Of Business Development @Bidroom.
1
Module 3 Research Paper Outline 4
Assignment- Module 3 Research Paper Outline
Matthew Ray
Embry Riddle Aeronautical University
Microeconomics 210
Professor Dr. Lyndon Burnham
January 28th, 2021
COVID-19 Effecting the Aviation Industry
I. Introduction
Thesis: Flying to your favorite vacation destination has always been a breeze, until the Covid-19 pandemic.
· As an industry, U.S airlines are unlikely to achieve cash break-even during the first half of 2021.
· An estimated 370-billion-dollar loss of group passenger operating revenues of airlines.
· Countries are on complete lockdown and restricting travel in and out.
II. Body
· Entry requirements are all over the world, ranging from proof of a negative COVID test to mandatory self-isolation and even electronic trackers.
· Government aid has been keeping some airlines alive during the pandemic. Without big airline companies the economy is going to be extremely affected.
· A country’s willingness to support airlines and its magnitude corelate with revenue loss and dependence on international market.
· An estimated 370-billion-dollar loss of group passenger operating revenues of airlines.
III. Conclusion
I will place a summary of the overall paper with some key points here.
References
Airlines for America. (2021, January 28). Impact of COVID-19: Data Updates. Airlines For America. https://www.airlines.org/dataset/impact-of-covid19-data-updates/#.
Government support to airlines in the aftermath of the COVID-19 pandemic. (2020). Journal of Air Transport Management., 89, 101931–101931. https://doi.org/10.1016/j.jairtraman.2020.101931
ICAO. (2021, January 27). Economic Impacts of COVID-19 on Civil Aviation // . Economic Impacts of COVID-19 on Civil Aviation. https://www.icao.int/sustainability/Pages/Economic-Impacts-of-COVID-19.aspx.
Mazareanu, E. (2020, October 20). Topic: Coronavirus: impact on the aviation industry worldwide. Statista. https://www.statista.com/topics/6178/coronavirus-impact-on-the-aviation-industry-worldwide/.
Peterson, B., & Dunn, D. (2020, October 20). Is It Safe to Travel Again? Your Coronavirus Questions Answered. The Wall Street Journal. https://www.wsj.com/articles/all-your-coronavirus-travel-questions-answered-11582980999.
Turnaround management of airport service providers operating during COVID-19 restrictions. (2020). Sustainability, 12(23), 10155. doi: http://dx.doi.org.ezproxy.libproxy.db.erau.edu/10.3390/su122310155
...
COVID-19: our chance to reimagine transportMico Do Tanque
A reset button has been hit in the transport sector. And, in the space created by the COVID-19 crisis, leaders now have the opportunity to rethink their organisations, coalesce around a renewed purpose and harness today’s disruption to shape a new and better future for the industry.
In this session, we will cover the predictions of travel including potential future regulations and recovery.
This webinar will feature;
Rob Gurney, CEO @ OneWorld
Sergio Merino, Co-Founder @ iVisa
Stig Goran Karisen Williams, Head of Partnerships @ Avis Budget Group -
The webinar is being moderated by Caroline Dal'lin, Director Of Business Development @Bidroom.
1
Module 3 Research Paper Outline 4
Assignment- Module 3 Research Paper Outline
Matthew Ray
Embry Riddle Aeronautical University
Microeconomics 210
Professor Dr. Lyndon Burnham
January 28th, 2021
COVID-19 Effecting the Aviation Industry
I. Introduction
Thesis: Flying to your favorite vacation destination has always been a breeze, until the Covid-19 pandemic.
· As an industry, U.S airlines are unlikely to achieve cash break-even during the first half of 2021.
· An estimated 370-billion-dollar loss of group passenger operating revenues of airlines.
· Countries are on complete lockdown and restricting travel in and out.
II. Body
· Entry requirements are all over the world, ranging from proof of a negative COVID test to mandatory self-isolation and even electronic trackers.
· Government aid has been keeping some airlines alive during the pandemic. Without big airline companies the economy is going to be extremely affected.
· A country’s willingness to support airlines and its magnitude corelate with revenue loss and dependence on international market.
· An estimated 370-billion-dollar loss of group passenger operating revenues of airlines.
III. Conclusion
I will place a summary of the overall paper with some key points here.
References
Airlines for America. (2021, January 28). Impact of COVID-19: Data Updates. Airlines For America. https://www.airlines.org/dataset/impact-of-covid19-data-updates/#.
Government support to airlines in the aftermath of the COVID-19 pandemic. (2020). Journal of Air Transport Management., 89, 101931–101931. https://doi.org/10.1016/j.jairtraman.2020.101931
ICAO. (2021, January 27). Economic Impacts of COVID-19 on Civil Aviation // . Economic Impacts of COVID-19 on Civil Aviation. https://www.icao.int/sustainability/Pages/Economic-Impacts-of-COVID-19.aspx.
Mazareanu, E. (2020, October 20). Topic: Coronavirus: impact on the aviation industry worldwide. Statista. https://www.statista.com/topics/6178/coronavirus-impact-on-the-aviation-industry-worldwide/.
Peterson, B., & Dunn, D. (2020, October 20). Is It Safe to Travel Again? Your Coronavirus Questions Answered. The Wall Street Journal. https://www.wsj.com/articles/all-your-coronavirus-travel-questions-answered-11582980999.
Turnaround management of airport service providers operating during COVID-19 restrictions. (2020). Sustainability, 12(23), 10155. doi: http://dx.doi.org.ezproxy.libproxy.db.erau.edu/10.3390/su122310155
...
COVID-19: our chance to reimagine transportMico Do Tanque
A reset button has been hit in the transport sector. And, in the space created by the COVID-19 crisis, leaders now have the opportunity to rethink their organisations, coalesce around a renewed purpose and harness today’s disruption to shape a new and better future for the industry.
This report analyses the financial performance of British Airways (BA) and Air France (AF) between 2009 and 2012 based on their audited annual reports.
Stealing The Show Gulf Megacarriers Fleet StrategiesMonis Hasan
My Article in Airline Economics magazine published by Aviation News Limited, London. The Megacarriers of the Gulf have gained the most market share of most of the world\'s long haul routes and this article talks about their fleet strategies.
Annual Report Project
/
/
2
Outline
I. Company Overview
A. Business Segments
B. Market Conditions
C. Methods of Revenue Recognition
II. Ratio Analysis
A. Profitability
B. Liquidity
C. Stability
D. Shareholder Value
III. Summary
3
United Technologies is a global corporation comprised of five principle business
segments, Otis, Carrier, Pratt & Whitney, Flight Systems (Hamilton Sundstrand and
Sikorsky) and UTC Fuel Cells. Ranked in order of revenue generation, Carrier is the
world’s largest manufacturer of commercial and residential heating, ventilating and air
conditioning systems and equipment (HVAC). Complementing this segment of the
business Carrier is also a major manufacturer of commercial and transport refrigeration
equipment. Pratt & Whitney represents the aerospace industry, manufacturing
commercial and military aircraft engines and is also a leading supplier in the spare parts
market. Otis is the world’s largest elevator and escalator manufacturing, installation and
service company. In order to sustain growth and meet future technological demands Otis
has expanded into the market of automated people movers and developed the
revolutionary new Gen2™ elevator system. The Flight Systems business is comprised of
two segments, Sikorsky and Hamilton Sundstrand. Sikorsky is one of the world's largest
manufacturers of military and commercial helicopters and the primary supplier of
transport helicopters to the U.S. Army and Navy. Hamilton Sundstrand provides
aerospace and industrial products and aftermarket services and is the prime contractor for
NASA's space suit/life support system and produces environmental control, life support,
mechanical systems and thermal control systems for international space programs. And
finally, UTC Fuel Cells builds fuel cell systems for commercial, transportation,
residential, defense and space applications (including the U.S. space shuttle program).
These five unique and complex businesses comprise the diverse portfolio of United
Technologies.
4
As a global corporation UTC is impacted by political, economic, environmental and
climatic conditions throughout the world. Doing business in over 200 countries, speaking
98 languages and funding in 163 currencies adds an additional layer of complexity to this
organization. Since UTC has business operations throughout the world, changes in local
government regulations and policies, including those related to investments, export
policies and repatriation of earnings can have a huge impact on the financial health of the
organization. Further constraints involving foreign customers in the Corporation’s
aerospace and defense businesses and environmental regulations by federal, state and
local authorities in the United States and regulatory authorities with jurisdiction over its
foreign operations bring their share of financial.
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
One of the background reports of 2019 deals with the Risks of the Finnish Government Guarantee System. Government Counsellor Kari Parkkonen from the Ministry of Economic Affairs and Employment gave his comments in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, including the full EPC 2019 report as well as all five background reports, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Risk and Compliance – Lessons learned and looking beyond the COVID-19 EraCTRM Center
While it is commonly believed that the pandemic was a black swan event, according to most risk experts it wasn’t. As they point out, the COVID Pandemic was an event that was foreseeable in its occurrence, though perhaps not in its timing. Despite being (thankfully) rare, these types of events do occur and bring with them an increased awareness of the importance of proper and holistic risk management practices, not only as it applies to external risks (as the pandemic was), but also commercial and internal risks as well.
NOTE This Industry overview is only a starting point for your an.docxhenrymartin15260
NOTE: This Industry overview is only a starting point for your analysis. Environment and industry issues can change rapidly and some of the information here may therefore be out-of-date.
You MUST supplement this information with additional research.
The Airline Industry
4940- Summer, 2014
Few inventions have changed how people live and experience the world as much as the invention of the airplane. During both World Wars, government subsidies and demands for new airplanes vastly improved techniques for their design and construction. Following World War II, the first commercial airplane routes were set up in Europe. Over time, air travel has become so commonplace that it would be hard to imagine life without it. The airline industry certainly has progressed. It has also altered the way in which people live and conduct business by shortening travel time and altering our concept of distance, making it possible for us to visit and conduct business in places once considered remote.
The airline industry exists in an intensely competitive market. In recent years, there has been an industry-wide shakedown, which will have far-reaching effects on the industry's trend towards expanding domestic and international services. In the past, the airline industry was at least partly government owned. This is still true in many countries, but in the U.S., all major airlines have come to be privately held. The U.S. airline industry has been in a chaotic state for a number of years. According to the Air Transport Association, the airline industry’s trade association, the loss from 1990 through 1994 was about $13 billion, while from 1995 through 2000, the airlines earned about $23 billion and then lost about $35 billion from 2001 through 2005. Against this backdrop of poor financial performance, dramatic changes in industry structure have occurred. Growth in air passenger traffic has outstripped growth in the overall economy and the U.S. airline industry remains in the midst of an historic restructuring. Over the last five years, U.S. network airlines have reduced their annualized mainline costs excluding fuel by more than 25%, or nearly $20 billion.
While some of the cost savings realized in the industry were the product of identifying greater operational efficiencies, most of the savings were generated by renegotiation of existing contractual arrangements with creditors, aircraft lessors, suppliers and airline employees and achieved either through the bankruptcy process itself or under threat of bankruptcy. A portion of industry capacity still operates in bankruptcy. But, it is down from a high of 46 percent in 2005. As a result, several carriers that were near liquidation now have lower cost structures that should allow them to show improved performance.
Economic profile of the Air line industry: The airline industry has always exhibited cyclicality because travelers' demand is sensitive to the performance of the macro economy yet airl.
Marina Kuznechevskaya, International Aviation Expert and Member of Advisory board of IATA Cargo and Passenger committees is Guest Speaker for CILT international webinar on Wednesday 15th July 2020.
The Future of Air Travel: Eight Disruptive Waves of ChangeCognizant
Faced with dramatic shifts in technology innovation, consumer preferences, global turbulence and competitive threats, airline and travel providers will need to undergo radical change to still be operating in 2025.
DCF valuation of Ryanair as of May 2018. The project was part of the final assignment of the Corporate Financial Modelling course at Brandeis University.
Hidden Gems of Europe - DISCOVERING THE CONTINENT'S BEST-KEPT SECRETSKamil Uğraş TÜRKOĞLU
Europe, continent rich in history, culture, and natural beauty, is often synonymous with famous cities like Paris, Rome, and London. These iconic destinations attract millions of tourists every year, captivating them with their renowned landmarks, vibrant culture, and bustling urban life. However, beyond these well-trodden paths lie countless hidden gems waiting to be discovered. These lesser-known destinations offer unique experiences, authentic encounters, and breathtaking landscapes that often surpass the allure of their famous counterparts.
In "Hidden Gems of Europe," we embark on a journey to uncover these secret spots, exploring the heart and soul of Europe through its quaint villages, charming towns, and secluded natural wonders. This book aims to inspire travelers to look beyond the obvious and venture into the lesser-explored corners of the continent, where true adventure and discovery await.
Our Ooty honeymoon package from Chennai is a perfect escape for newlywed couples to celebrate their love and start their new life together. Our package offers a range of itineraries to cater to the diverse preferences of couples. From adventure activities to relaxing spa sessions, these packages are designed to provide the perfect balance between adventure and relaxation.
BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. Get information in this PDF and simplyfy your visa process.
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
During the coldest months, Italy transforms into a winter wonderland, providing visitors with a very unique experience. From the Settimana Bianca ski event to the lively Carnevale celebrations, Italy's winter festivities provide something for everyone. Enjoy hot cocoa, eat hearty comfort foods, and buy during winter deals. Explore the country's rich cultural past by participating in Settimana Bianca, and Carnevale, sipping hot chocolate, shopping during winter deals, and indulging in winter comfort foods. Visit our website https://timeforsicily.com/ for more information.
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
This report analyses the financial performance of British Airways (BA) and Air France (AF) between 2009 and 2012 based on their audited annual reports.
Stealing The Show Gulf Megacarriers Fleet StrategiesMonis Hasan
My Article in Airline Economics magazine published by Aviation News Limited, London. The Megacarriers of the Gulf have gained the most market share of most of the world\'s long haul routes and this article talks about their fleet strategies.
Annual Report Project
/
/
2
Outline
I. Company Overview
A. Business Segments
B. Market Conditions
C. Methods of Revenue Recognition
II. Ratio Analysis
A. Profitability
B. Liquidity
C. Stability
D. Shareholder Value
III. Summary
3
United Technologies is a global corporation comprised of five principle business
segments, Otis, Carrier, Pratt & Whitney, Flight Systems (Hamilton Sundstrand and
Sikorsky) and UTC Fuel Cells. Ranked in order of revenue generation, Carrier is the
world’s largest manufacturer of commercial and residential heating, ventilating and air
conditioning systems and equipment (HVAC). Complementing this segment of the
business Carrier is also a major manufacturer of commercial and transport refrigeration
equipment. Pratt & Whitney represents the aerospace industry, manufacturing
commercial and military aircraft engines and is also a leading supplier in the spare parts
market. Otis is the world’s largest elevator and escalator manufacturing, installation and
service company. In order to sustain growth and meet future technological demands Otis
has expanded into the market of automated people movers and developed the
revolutionary new Gen2™ elevator system. The Flight Systems business is comprised of
two segments, Sikorsky and Hamilton Sundstrand. Sikorsky is one of the world's largest
manufacturers of military and commercial helicopters and the primary supplier of
transport helicopters to the U.S. Army and Navy. Hamilton Sundstrand provides
aerospace and industrial products and aftermarket services and is the prime contractor for
NASA's space suit/life support system and produces environmental control, life support,
mechanical systems and thermal control systems for international space programs. And
finally, UTC Fuel Cells builds fuel cell systems for commercial, transportation,
residential, defense and space applications (including the U.S. space shuttle program).
These five unique and complex businesses comprise the diverse portfolio of United
Technologies.
4
As a global corporation UTC is impacted by political, economic, environmental and
climatic conditions throughout the world. Doing business in over 200 countries, speaking
98 languages and funding in 163 currencies adds an additional layer of complexity to this
organization. Since UTC has business operations throughout the world, changes in local
government regulations and policies, including those related to investments, export
policies and repatriation of earnings can have a huge impact on the financial health of the
organization. Further constraints involving foreign customers in the Corporation’s
aerospace and defense businesses and environmental regulations by federal, state and
local authorities in the United States and regulatory authorities with jurisdiction over its
foreign operations bring their share of financial.
Finland's Economic Policy Council published their annual report in January 29, 2020. In the report, the Council evaluates the government’s fiscal policy and its employment-promoting policies. As in the previous reports, in addition to fiscal policy, the Council concentrates on fiscal sustainability and on the connections between social security and employment.
One of the background reports of 2019 deals with the Risks of the Finnish Government Guarantee System. Government Counsellor Kari Parkkonen from the Ministry of Economic Affairs and Employment gave his comments in the report launch seminar, in Helsinki, on 29 January 2020.
For more information, including the full EPC 2019 report as well as all five background reports, please see: https://www.talouspolitiikanarviointineuvosto.fi/en/home/
Risk and Compliance – Lessons learned and looking beyond the COVID-19 EraCTRM Center
While it is commonly believed that the pandemic was a black swan event, according to most risk experts it wasn’t. As they point out, the COVID Pandemic was an event that was foreseeable in its occurrence, though perhaps not in its timing. Despite being (thankfully) rare, these types of events do occur and bring with them an increased awareness of the importance of proper and holistic risk management practices, not only as it applies to external risks (as the pandemic was), but also commercial and internal risks as well.
NOTE This Industry overview is only a starting point for your an.docxhenrymartin15260
NOTE: This Industry overview is only a starting point for your analysis. Environment and industry issues can change rapidly and some of the information here may therefore be out-of-date.
You MUST supplement this information with additional research.
The Airline Industry
4940- Summer, 2014
Few inventions have changed how people live and experience the world as much as the invention of the airplane. During both World Wars, government subsidies and demands for new airplanes vastly improved techniques for their design and construction. Following World War II, the first commercial airplane routes were set up in Europe. Over time, air travel has become so commonplace that it would be hard to imagine life without it. The airline industry certainly has progressed. It has also altered the way in which people live and conduct business by shortening travel time and altering our concept of distance, making it possible for us to visit and conduct business in places once considered remote.
The airline industry exists in an intensely competitive market. In recent years, there has been an industry-wide shakedown, which will have far-reaching effects on the industry's trend towards expanding domestic and international services. In the past, the airline industry was at least partly government owned. This is still true in many countries, but in the U.S., all major airlines have come to be privately held. The U.S. airline industry has been in a chaotic state for a number of years. According to the Air Transport Association, the airline industry’s trade association, the loss from 1990 through 1994 was about $13 billion, while from 1995 through 2000, the airlines earned about $23 billion and then lost about $35 billion from 2001 through 2005. Against this backdrop of poor financial performance, dramatic changes in industry structure have occurred. Growth in air passenger traffic has outstripped growth in the overall economy and the U.S. airline industry remains in the midst of an historic restructuring. Over the last five years, U.S. network airlines have reduced their annualized mainline costs excluding fuel by more than 25%, or nearly $20 billion.
While some of the cost savings realized in the industry were the product of identifying greater operational efficiencies, most of the savings were generated by renegotiation of existing contractual arrangements with creditors, aircraft lessors, suppliers and airline employees and achieved either through the bankruptcy process itself or under threat of bankruptcy. A portion of industry capacity still operates in bankruptcy. But, it is down from a high of 46 percent in 2005. As a result, several carriers that were near liquidation now have lower cost structures that should allow them to show improved performance.
Economic profile of the Air line industry: The airline industry has always exhibited cyclicality because travelers' demand is sensitive to the performance of the macro economy yet airl.
Marina Kuznechevskaya, International Aviation Expert and Member of Advisory board of IATA Cargo and Passenger committees is Guest Speaker for CILT international webinar on Wednesday 15th July 2020.
The Future of Air Travel: Eight Disruptive Waves of ChangeCognizant
Faced with dramatic shifts in technology innovation, consumer preferences, global turbulence and competitive threats, airline and travel providers will need to undergo radical change to still be operating in 2025.
DCF valuation of Ryanair as of May 2018. The project was part of the final assignment of the Corporate Financial Modelling course at Brandeis University.
Hidden Gems of Europe - DISCOVERING THE CONTINENT'S BEST-KEPT SECRETSKamil Uğraş TÜRKOĞLU
Europe, continent rich in history, culture, and natural beauty, is often synonymous with famous cities like Paris, Rome, and London. These iconic destinations attract millions of tourists every year, captivating them with their renowned landmarks, vibrant culture, and bustling urban life. However, beyond these well-trodden paths lie countless hidden gems waiting to be discovered. These lesser-known destinations offer unique experiences, authentic encounters, and breathtaking landscapes that often surpass the allure of their famous counterparts.
In "Hidden Gems of Europe," we embark on a journey to uncover these secret spots, exploring the heart and soul of Europe through its quaint villages, charming towns, and secluded natural wonders. This book aims to inspire travelers to look beyond the obvious and venture into the lesser-explored corners of the continent, where true adventure and discovery await.
Our Ooty honeymoon package from Chennai is a perfect escape for newlywed couples to celebrate their love and start their new life together. Our package offers a range of itineraries to cater to the diverse preferences of couples. From adventure activities to relaxing spa sessions, these packages are designed to provide the perfect balance between adventure and relaxation.
BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. Get information in this PDF and simplyfy your visa process.
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
During the coldest months, Italy transforms into a winter wonderland, providing visitors with a very unique experience. From the Settimana Bianca ski event to the lively Carnevale celebrations, Italy's winter festivities provide something for everyone. Enjoy hot cocoa, eat hearty comfort foods, and buy during winter deals. Explore the country's rich cultural past by participating in Settimana Bianca, and Carnevale, sipping hot chocolate, shopping during winter deals, and indulging in winter comfort foods. Visit our website https://timeforsicily.com/ for more information.
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
Antarctica- Icy wilderness of extremes and wondertahreemzahra82
In this presentation, we delve into the captivating realm of Antarctica, Earth's southernmost continent. This icy wilderness stands as a testament to extremes, with record-breaking cold temperatures and vast expanses of pristine ice. Antarctica's landscape is dominated by towering glaciers, colossal icebergs, and expansive ice shelves. Yet, amidst this frozen expanse, a rich tapestry of unique wildlife thrives, including penguins, seals, and seabirds, all finely attuned to survive in this harsh environment. Beyond its natural wonders, Antarctica also serves as a vital hub for scientific exploration, providing invaluable insights into climate change and the Earth's history
4 DAYS MASAI MARA WILDEBEEST MIGRATION SAFARI TOUR PACKAGE KENYABush Troop Safari
Join our 4-day Masai Mara Wildebeest Migration Safari in Kenya. Witness the incredible wildebeest migration, enjoy exciting game drives, and stay in comfortable lodges. Get up close and personal with one of nature's most amazing exhibits! Book Your Safari Today at - https://bushtroop-safaris.com/
LUXURY TRAVEL THE ULTIMATE TOKYO EXPERIENCE FROM SINGAPORE.pdfDiper Tour
Get off on the most luxurious Tokyo itinerary from Singapore. Experience Tokyo’s sophisticated modernism and rich tradition with first-class travel, sumptuous lodging, fine food, and special tours. Savor the finest that this energetic city has to offer for an experience that will never be forgotten.
Its running cost is among the diverse vital aspects you must consider before buying an electric scooter. Calculate the cost of getting e-scooter charge for your regular usage to calculate its economic efficiency, similar to people who investigate the mileage of petrol or diesel-driven scooters.
3. COVID-19 Nedir
• Korona virüs 2019 yılında Çin’in Wuhan
şehrinde çıkan, yayılma kapasitesi çok yüksek
bir virüstür. Bu virüs insanlarda başta ateş,
öksürük, nefes darlığı gibi şikayetlerle
başlayıp kişinin sağlığına bağlı olarak bu
belirtileri göstermeden atlatabilirken kimi
insanlarda ise ölümle sonuçlanabiliyor.
4. • Since the COVID-19 pandemic first
started in China, its first home was China.
In the future, when this virus started to
spread around the world, Europe took
over the hosting of the Corona Virus. In
order for this virus to disappear from the
ground all over the world, measures had
to be taken while all countries started
vaccine research. These measures are;
• Social Distance
• Mask use,
• Reducing the capacity of common areas
• Giving importance to personal hygiene
Rules were created to slow the spread of
the virus by taking many precautions,
such as the use of disinfectants.
5. Covid-19’
Economical
Effects
• Airlines lost 1.7 billion passengers and 6.1 million flights in
total. European aviation announced a net loss of 56.2
billion Euros during this period. The economic hardship
caused 191 thousand direct job losses in Europe. 51
percent of aircraft that belong to European airline
companies were grounded by the end of 2020.
6. Aviation and Covid
Nobody knew what to do about this virus, as
the virus was not known by anyone at first.
However, as this virus became known later,
precautions were taken. This virus has started
to land almost 60% of planes and harm
companies. In order to turn this situation into
an advantage, companies made small moves
to reduce this negative effect, while some of
the passenger planes were lying on the
ground, while others were trying to turn them
into cargo planes by removing their seats.
7. Table 1 Terms
• Retrenchment summarizes measures that aim at
substantial cost/overhead and/or asset reductions.
• Persevering refers to measures aiming to preserve the
status quo of the organization and its activities.
• Innovating refers to strategic renewal of the
organization during the crisis.
• Exit refers to the discontinuation of an organization’s
activities. It can be either a forced outcome of an
unviable business setting or a strategic response to
crisis.
8. AIRLINE REACTIONS
IN EUROPE
• The airline announcements, or the measures taken
regarding the crisis caused by the spread of COVID-
19
1)Retrenchment
2)Persevering
3)Innovating
4)Exit oriented.
9.
10.
11. In this process, some airlines
landed their planes and went
into standby mode, but some
airlines removed the seats of
their planes and carried
cargo
12. I will describe the prominent roles of national governments at this time
13. PATHS
• As mentioned, (almost) all
airlines reacted immediately
with retrenchment to cut costs
drastically, and then embarked
in different directions. Upon
realizing that, due to the severe
lack of revenues, the airline
cannot be sustained on its own
even after substantial
retrenchment measures, many
started soliciting financial
support from governments
and/or investors
14. HYBRIDS
• For example, there are occurrences of grouping financial
persevering and crisis specific innovating (five airlines
solicited government support and transformed aircraft
from passenger into cargo transporters)
15. National
governments
• Our findings also highlight that governments are back – as grantees,
lenders, or investors of last resort they support airlines in their persevering
and innovating strategies
16. 3.Implications for the European airline industry
In the third part, we consider implications of the European airlines' strategic crisis responses for the post-
COVID-19 competitive landscape of aviation in Europe.
Some companies probably had to implement the decisions they made before covid 19 after this crisis.
As an example,
Air France-KLM has retired all of A-380s.
Lufthansa closed Germanwings.
Delta Airlines, Air France-KLM, Virgin Airlines announced codeshare agreement.
Also British Airways and Qatar Airways have teamed up.
We will examine governments acting as change agents, a resetting of business model convergence, and a
cementation of industry structures.
17. 3.1. National goverments as change agents ?
The future success expectations of market participants and competition parameters may
change with the observable interventions of the states. Although the necessary liquidity is
provided in the market thanks to the interventions of the state, the state has a control
mechanism over the operational or strategic management decisions taken by the
companies.
For example, the conditions or "requests" added by the state to the French and German
bailouts clearly illustrate the flow of political objectives.
For example, by referring to the goals of countries on environmental awareness and
"Greenness", the expected conditions and added conditions while giving state aid can be
interpreted as an accelerating power effect for the changes that the industry will already
face in the future.
18. 3.1. National
goverments as
change agents
?
However, such conditions can lead to unproductive
developments from the airline's point of view.
Moreover, when pricing and revenue calculations for
international itineraries are faced with the additional
parameter of external supply service providers who take a
share of the ticket price, the already complex task of
managing airline networks is further complicated and airline
revenues are dramatically reduced.
Additional side effects are likely: The major network carriers,
as the main beneficiaries of this state aid, are already openly
politicized organisations. National flag carrier companies
have recognized this burden over their regional low-cost
carrier (LCC) competitors. All major network carriers have
made great strides in increasing their efficiency with
innovative business models and organizational solutions.
19. 3.1. National
goverments as
change agents
?
Multinational airline groups such as Air France-KLM,
Lufthansa, and IAG that collect subsidies from multiple
governments and are crushed by each one's own terms risk
facing competing demands unlike their predecessors. The
COVID-19 situation is now strengthening legally and
politically.
National interests, combined with renewed legal leverage
and conflicting to put pressure on boards through
government-approved executives, make effective and
efficient decision making difficult for companies in a fast-
paced and competitive environment.
20.
21. 3.2. Resetting
business
model
convergence
Following the liberalization of the industry in the late 1990s
and the rise of low-fare airlines in Europe in the first decade
of the 21st century, the continental European aviation market
has entered a period of consolidation.
The business models of LCCs and network carriers were
converging towards a common design of continental
passenger flight services. Government interventions caused
by COVID-19 unfortunately have the potential to reset these
developments: While network carriers receive government
aid packages, LCCs do not receive or even desire to receive
special packages.
22. 3.2. Resetting
business
model
convergence
Ryanair and easyJet, known as the largest LCCs, have
received funding from the UK government's general
commercial aid fund, while Wizz Air has not received any
additional support from national governments.
Large groups of network carriers will suffer from increased
politicization, which limits their decision-making
independence regarding routes and hub development,
aircraft orders, fleet size and technology (all), and possibly
corporate restructuring.
However, LCCs do not face such challenges and may even
thrive on the new priorities and imperatives of their network
carrier competitors.
23. 3.2. Resetting
business
model
convergence
Wizz Air plans to expand into new European markets, and
Ryanair has announced that it will increase price competition
when markets reopen, thereby committing to maintaining its
strategic position as the main developer and leader of price-
driven airline competition in Europe.
According to the first projections, announcements were
made that flying would become more expensive after COVID-
19. And it's not just because of social distancing measures on
airplanes, like empty middle seats.
24. 3.2. Resetting
business
model
convergence
In conjunction with the announced fleet/route reductions by
Lufthansa, British Airways and others, market shares across
the continent may shift towards growth-hungry LCCs. The
future position of easyJet, which has grown significantly as a
pre-COVID-19 LCC in Europe, is less clear. easyJet has
downsized its fleet for now, but at least it has not received a
bailout from governments and will therefore not be subject
to additional restrictions.
25. 3.3. Cementing the industry structure –
preventing industry consolidation
Already in the short term, the European airline industry structure can be predicted to
solidify, at least as long as further consolidation trends already underway are delayed.
For example, Alitalia, which the Italian government plans to deploy as a nationalized
instrument serving the recovery of the economy and tourism, seems to be secured.
For this reason, airlines like Alitalia, which have reached the end of their life and have been
subject to a series of takeover attempts and negotiations, would not have been able to hold
on to a market environment had it not been for the COVID-19 disruption. However, it is seen
that such airlines remain in the game due to COVID-19.
26. 3.3. Cementing the industry structure – preventing
industry consolidation
While crises often tend to create lots of takeover opportunities, we do not expect takeovers
to increase in the COVID-19 crisis.
Planned acquisitions have been canceled or postponed in the process so far. Such initiatives
are rarely implemented due to the extremely uncertain sector outlook regarding the
duration and intensity of the crisis, the development path towards the “new normal”
situation and its actual situation.
Government restrictions on the use of resources while backed by tax money will further
paralyze mergers and acquisitions between European airlines.
27. 3.3. Cementing
the industry
structure –
preventing
industry
consolidation
All major carriers have announced variants of fleet
downsizing (and accompanying layoffs) so that buying other
carriers (bringing fleet and personnel with them) is already
more challenging.
Even the more extreme COVID-19-driven scenario of a major
network carrier becoming the target of a takeover, thanks in
part to government bailouts, is highly unlikely. So beyond the
exit of a few small carriers due to bankruptcy, European
industry consolidation is unlikely to see a resurgence any
time soon.