The Multi-Year Period Analysis of the Air Freight Industry Pre-and Post-COVID-19

Inan Tuzun Tolga ()
Additional contact information
Inan Tuzun Tolga: Bahcesehir University, Department of Pilotage, 34353, Besiktas, Istanbul, Turkey

LOGI – Scientific Journal on Transport and Logistics, 2024, vol. 15, issue 1, 12

Abstract: The paper aims to analyze air metric tons, gross logistics revenues, and cargo tonne kilometers (CTK) to benchmark pre-COVID (2014-2019) and post-COVID (2020-2022) periods using statistical methods, including mean values, standard deviation, variance, covariance, correlation, and T-tests. The findings reveal substantial decreases in all three variables in the post-COVID period, highlighting the significant impact of the pandemic on the air-freight industry. Specifically, the mean air metric tons decreased from 3,276,888 pre-COVID to 1,021,272 post-COVID; gross logistics revenues dropped from $6,155.37 million to $2,114.91 million, and CTK declined from 7,984.25 to 2,687.36. The reduced standard deviation and variance indicate less variability in the post-COVID period. Additionally, strong positive correlations between pre-COVID and post-COVID variables indicate consistent trends across the two periods. The paper’s originality lies in its findings which emphasize the need for the air freight industry to adapt and develop strategies mitigating the effects of future disruptions, underscoring the pandemic's profound impact on air freight operations and financial performance.

Keywords: Air freight industry; integrated express carriers; combination aircraft carriers; pre-COVID period; post-COVID period (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/logi-2024-0017 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:logitl:v:15:y:2024:i:1:p:12:n:1001

DOI: 10.2478/logi-2024-0017

Access Statistics for this article

LOGI – Scientific Journal on Transport and Logistics is currently edited by Rudolf Kampf

More articles in LOGI – Scientific Journal on Transport and Logistics from Sciendo
Bibliographic data for series maintained by Peter Golla ().