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The Impact of Economic Depression Brought by COVID-19 on Airline Industry to the National Economic Situation in China

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Yuanyi Lu

    (Jiangsu Tianyi High School, AP Center)

Abstract

A serious and frustrating pandemic happened in Wuhan, China. Millions of people are locked at home without going outside for nearly three months, and lockdowns continue after months, lasting for three years. The pandemic does extreme harm to the economic development of one nation, especially in China, where the virus was first found. Primarily, the tourism industry in China is hurt the most since people do not travel any more due to the fear of being infected and lockdowns. Relating closely to the tourism industry, the airline industry in China is supposed to have one of the greatest impacts on the national economy since tourism always plays an important role in the national economy in many countries. Quantitative data from the official annual reports of two main airline companies in China which are China Southern Airline and China Eastern Airline is gathered. And one graph is made showing all the data this study needs, and three line graphs are created to show the relationships between variables. Through data and graph analysis, it can be concluded that the airline industry is not an influential part of the depression of the Chinese national economy.

Suggested Citation

  • Yuanyi Lu, 2022. "The Impact of Economic Depression Brought by COVID-19 on Airline Industry to the National Economic Situation in China," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 682-688, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_78
    DOI: 10.2991/978-94-6463-052-7_78
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