The Coronavirus’ Effect on the Aerospace, Aircraft, Satellites & Drones Industry, Business and Industry Trends Analysis

The Coronavirus pandemic of 2020 vastly shifted habits of businesses and consumers alike.  For airlines, passenger numbers plummeted all over the world.  This was driven by a) health concerns, b) a reluctance among consumers to spend money, c) a near-total elimination of business travel and d) government restrictions on cross-border travel.  According to the International Air Transport Association (IATA), global airlines were expected to lose a collective $84 billion in 2020.  Airline passenger volumes dropped 95% in April 2020 during the worst of the crisis.  While airline travel had rebounded to some degree by late 2020, numbers remained very depressed,…

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