To what extent is air freight affected by the Corona virus pandemic?
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Abstract
Purpose of the paper aims to find out the impact of the COVID-19 pandemic on the global air transport sector (passenger transport, air freight) during the first three months of 2020, and after analyzing the status of the global air transport market from January to March 2020, the study found that the CORONA pandemic has significantly affected this vital sector, where airlines suffered significant losses due to the cancellation of many flights and travel suspensions, in addition to the laying off of much employment and Some of them went bankrupt, while the volume of air freight decreased after global supply chains were shut down as a result of the closure of factories and limited only to the transportation of medical equipment and food supplies in some countries, and the repercussions of this pandemic are expected to be severe on the global economy in the coming years.
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References
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Boissay, F., Rees, D., & Rungcharoenkitkul, P. (2020). Dealing with Covid-19: understanding the policy choices (No. 19). Bank for International Settlements.
Capa. (2020, 03 17). COVID-19. By the end of May, most world airlines will be bankrupt. Consulté le 06 15, 2020, sur musicnation: https://centreforaviation.com/analysis/reports/covid-19-by-the-end-of-may-most-world-airlines-will-be-bankrupt-517512
Devlin, J., & Yee, P. (2005). Trade logistics in developing countries: The case of the Middle East and North Africa. World Economy, 28(3), 435-456.
Dornbusch, R., Fischer, S., & Samuelson, P. A. (1977). Comparative advantage, trade, and payments in a Ricardian model with a continuum of goods. The American Economic Review, 67(5), 823-839.
Feng, B., Jiang, Z., & Lai, F. (2020). Robust approach for air cargo freight forwarder selection under disruption. Annals of Operations Research, 291(1), 339-360.
Fischedick, M., & Schneidewind, U. The Corona crisis and climate protection—keeping long-term goals in mind. In Nachhaltigkeits Management Forum | Sustainability Management Forum (pp. 1-5). Springer. https://doi.org/10.1007/s00550-020-00494-1.
Gani, A. (2017). The logistics performance effect in international trade. The Asian Journal of Shipping and Logistics, 33(4), 279-288.
IATA. (2020). Air Cargo Market Analysis. https://www.iata.org/.
IATA. (2020). Passenger growth slows as COVID-19 impacts the industry.
IATA. International Air Transport Association (2020). COVID-19. Fourth ImpactAssessment.https://www.iata.org/en/iatarepository/publications/economic-reports/covid-fourth-impact-assessment/ 13 aout 2020b. URL.
Krugman, P. R. (1979). Increasing returns, monopolistic competition, and international trade. Journal of international Economics, 9(4), 469-479.
Kumar, A., & Anbanandam, R. (2019). Location selection of multimodal freight terminal under STEEP sustainability. Research in Transportation Business & Management, 33, 100434.
Lakshmanan, T. R, Subramanian, U., Anderson, W., & Leautier, F. (2001). Integration of Transport and Trade Facilitation. (Washington, DC: World Bank): Directions in Development.
Mazareanu, E. (2020, mars 04). Statista.com. Récupéré sur statista.com: https://www.statista.com/topics/1707/air-transportation/
Melitz, M. J. (2003). The impact of trade on intra-industry reallocations and aggregate industry productivity. Econometrica, 1725-1695.
Mommens, K., Brusselaers, N., van Lier, T., & Macharis, C. (2019). A dynamic approach to measure the impact of freight transport on air quality in cities. Journal of Cleaner Production, 240, 118192.
OECD. (2020). OECD Economic Outlook. Preliminary version.
Ozili, P. K. (2020). COVID-19 in Africa: socioeconomic impact, policy response and opportunities. Policy Response and Opportunities (April 13, 2020).
Ozili, P. K., & Arun, T. (2020). Spillover of COVID-19: impact on the Global Economy. Available at SSRN 3562570.
Ricardo, D. (1817). On the Principles of Political Economy and Taxation (London: J. Murray). Barney, JB–Arikan, AM (2001): The Resource-Based View: Origins and Implications, in Blackwell Handbook of Strategic Management, Malden, MA: Blackwell Publisher Inc, 124-188.
Richardson, P. (2020). Weekly Update: Global Coronavirus Impact and Implications. Counterpoint.
Rutherford, S. (2017). The pandemic and its impacts. United-States.
Sarker, P. (2020). COVID Crisis: Fiscal, Monetary and Macro-financial Policy Responses. Monetary and Macro-financial Policy Responses (May 8, 2020).
Suau-Sanchez, P., Voltes-Dorta, A., & CuguerĂł-Escofet, N. (2020). An early assessment of the impact of COVID-19 on air transport: Just another crisis or the end of aviation as we know it?. Journal of Transport Geography.
Taddei, F. (2020, 04 16). COVID-19's historic economic impact, in the U.S. and abroad. (j. h. staff, intervieweur)
Tsai, M. C., Merkert, R., & Wang, J. F. (2020). What drives freight transportation customer loyalty? Diverging marketing approaches for the air freight express industry. Transportation, 1-19.
UNCTAD. (2020). The Covid-19 shock to developing countries: towards a “whatever it takes” programme for the two-thirds of the world’s population being left behind. DC: UNCTAD.
World Bank. (2020). Global Economic Prospects, June 2020. Washington: DC: World Bank.
Yu, S., Yang, Z., & Zhang, W. (2019). Differential pricing strategies of air freight transport carriers in the spot market. Journal of Air Transport Management, 75, 9-15.
Authors
Bouali, S., Douha, S., & Khadri, N. (2020). To what extent is air freight affected by the Corona virus pandemic?. Journal of Sustainable Development of Transport and Logistics, 5(2), 98–108. https://doi.org/10.14254/jsdtl.2020.5-2.9
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