CLOUDS ON THE SKY OF AVIATION COMPANIES DURING THE SUMMER VACATION OF 2022

Iulian Gole, Mihai Dinu, Viorel Mocanu and Romeo Catalin Cretu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2022, vol. 16, issue 1, 906-912

Abstract: European airports faced a "big challenge" throughout summer 2022, which meant chaos for millions of passengers. Regular queues and cancellations have become depressingly commonplace for travelers, in all airports, with hundreds of flights missing in recent days alone, and the future does not look promising. Although that a significant recovery in air travel is expected after the pandemic, which will allow global airlines to reduce their losses this year and possibly return to profit only in 2023, we notice that there are big problems in terms of the cancellation of the air flights and even a certain decrease of the tourists' confidence in reserving their vacations, due to these inconvenient. In this article, we will analyse the causes that led to these consequences (geopolitical, economic and medical) and what can be done to avoid a deterioration of the situation.

Keywords: airline companies; aviation industry performance; COVID recovery; flight cancellations & delays. (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:16:y:2022:i:1:p:906-912

DOI: 10.24818/IMC/2022/05.11

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