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Meeting The Unexpected: The Very Sensitive Behaviour Of The Air Transport Sector During The Covid-19 Pandemic And The Lessons Learnt

Author

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  • DANIELA-LUMINITA CONSTANTIN
  • ANA-MARIA MARCU

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.

Suggested Citation

  • Daniela-Luminita Constantin & Ana-Maria Marcu, 2024. "Meeting The Unexpected: The Very Sensitive Behaviour Of The Air Transport Sector During The Covid-19 Pandemic And The Lessons Learnt," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 16(2 (July)), pages 265-272.
  • Handle: RePEc:shc:jaresh:v:16:y:2024:i:2:p:265-272
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    More about this item

    Keywords

    air transport; COVID-19; risk; uncertainty; holistic approaches.;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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