Coronavirus crisis in aviation - air freight could benefit

The coronavirus is affecting the global economy and threatens to plunge the economy into a tangible crisis. But while many industries have to adjust to falling sales figures and losses, the restrictions on the movement of goods could even have a positive effect on the air freight industry. Prof. Dr. Arne Schulke is the department head for transport and logistics at the IUBH and reports on the effects of the coronavirus on aviation. The novel coronavirus is currently keeping the world in suspense. How is the coronavirus affecting aviation? The effects of the virus on passenger traffic are already very negative, as the route cancellations by many airlines to and from Asia show. The scope is already strongly reminiscent of the SARS epidemic of 2003 when at the worst possible time the number of passengers fell globally by up to 35%. What outcomes could this have for the flight business? Airlines around the world can expect high losses. 2020 could be the worst economic year since the financ...