Aviation Economics

Aviation Economics are fundamentals to the financial development of towns, nations and states. Transport of people and goods remunerates governments, customers and businesses. However, the covid-19 outbreak has led to some impacts on the Aviation Economics of Asia. The analysis states that international airline passenger revenues have decreased at a high rate that marks a decline of 55% compared to other years, which results in a sharp fall in revenue. It also affects passenger traffic, which has reduced, the living standard has declined due to the lack of tourism, which has to lead to low economic growth. Asian airline has eased the importance of reducing government power in particular industries that they have been experiencing in the last decades.