The aviation industry is currently in a state of instability caused by one of the severest pandemics of all time. All airlines, airports, and international aviation organizations are dedicating all their resources to prove it’s safe to fly again.
Based on this situation, have you ever asked yourself about the historic incident that caused aviation the biggest negative impacts of all time? If you did before the outbreak of COVID-19, the answer you might have concluded would definitely be the 9/11 incidents in New York, USA.
Ever since 2001, the 9/11 incidents have been registered as the event that shook the aviation sector the most, not just in the USA but in the whole world. However, from now on, the COVID-19 pandemic is the new answer to our question, costing the worldwide airline revenues estimated losses of about $314 billion until today, according to Statista.
This blog discusses the repercussions of both events, summing up some lessons to overcome the COVID-19 crisis at ease.
Even though each crisis is different, but they share some common characteristics and consequences, the aviation sector witnessed many of the complexities we are going through today after the 9/11 incidents:
We have already experienced all these effects during COVID-19. Fortunately, airports are reopened, international flights are resumed in most countries, while others are preparing to resume soon.
Concerning the health concerns passengers are still having, professional ground handling and flight support companies like iJET are implementing all the safety procedures needed to assure a virus-free aircraft, everything is getting better now.
Overviewing the similarities between both crises brings one important point to the attention of all airports, airlines, or flight operators, which is avoiding the economic disasters of the 9/11 incidents that lasted for years.
For example, it took the airline industry 17 years to regain the same stock value it had on September 10, 2020, according to the NYSE Arca Airline Index, (the international tracker of the performance, prices, and stock revenues of high-capitalized global airlines.) As a result, we should learn from this previous crisis how to go through the recent one quickly and with the least losses possible.
Aviation crises and catastrophes are unpredictable, the effects could be huge and uneven. However, if airlines and flight operators have a solid risk management plan and commit to logical procedures, they will always go through the best-case scenario during every incident. Who knows, maybe your company will be always praised for being one of the smartest airlines to handle the COVID-19 effects!
iJET is helping airlines and flight operators to survive the hardest circumstances.
Visit our website to learn how we can help: www.ijet.aero