MEETING THE UNEXPECTED: THE VERY SENSITIVE BEHAVIOUR OF THE AIR TRANSPORT SECTOR DURING THE COVID-19 PANDEMIC AND THE LESSONS LEARNT

Daniela Constantin and Ana-Maria Marcu

Journal of Academic Research in Economics, 2024, vol. 16, issue 2 (July), 265-272

Abstract: From a ‘future states’ typology perspective (Stimson et al., 2006), the COVID-19 pandemic can be placed between unpredictable and chaotic future. Most of the forecasting models did not even take into consideration the risks of a pandemic outbreak, making their predictions useless and exposing the corresponding social-economic activities to huge perturbations, with low chances of fast recovery. When confronted with this situation, the academic environment reacted with a plethora of research studies in various affected fields. However, many of them addressed specific, narrow aspects, lacking the integrative frameworks, able to offer all-embracing views of investigated phenomena, from the forms of manifestation to in-depth, multi-sided evaluations as well as strategies and policy measures to face the entailed challenges. This paper aims to join those studies which have sought to fill this gap, proposing a comprehensive perspective on one of the most severely hit sectors by the COVID-19 pandemic, namely the air transportation. The emphasis is placed on the better understanding of the very sensitive behaviour of this sector when confronted with a pandemic crisis, as a way of increasing the preparedness to react and, consequently, to diminish the severity of negative effects. As a general note, the paper supports the orientation towards holistic, resilience/prosilience-based approaches instead of returning to the old routines, described by ‘business as usual’ syntagma.

Keywords: air transport; COVID-19; risk; uncertainty; holistic approaches. (search for similar items in EconPapers)
JEL-codes: D80 F69 R41 (search for similar items in EconPapers)
Date: 2024
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