Airlines Industry: Prospects and Challenges
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- Airlines Industry: Prospects and Challenges
The Airlines Industry is possibly among the most affected industry (others are tourism, travel & entertainment, hotels etc.) that is still reeling under pressure, starting from the Covid-19 pandemic. The impact might further aggravate because of geopolitical dynamics, including the ongoing war between Russia and Ukraine. For instance, the upward pressure on crude oil price has hiked the aviation turbine fuel (ATF) prices. Further, in terms of air passenger traffic, January 2022 experienced a collapse due to the increase in Omicron cases.