The impact of Covid19 on the air cargo industry from Finland’s perspective
Ailus, Aurora (2024)
Ailus, Aurora
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024052214609
https://urn.fi/URN:NBN:fi:amk-2024052214609
Tiivistelmä
In November 2019 a coronavirus named SARS-CoV-2 was discovered in Wuhan, China. Not long after the discovery of the virus, it started to spread around the world. In the beginning of 2020, the virus led to the development of global pandemic, also known as the Covid19 pandemic. The pandemic came as a major shock to the world economy, affecting almost every organization in the world; public, private, and non-profit. As a way to control the spread of the virus countries started to close their borders to reduce the amount of traffic to and from the country’s borders. These travel and border restrictions affected negatively different transportation modes, especially air transportation, causing variety of different logistical challenges. The Covid19 caused a dramatic reduction in the number of operating passenger flights, which normally carries significant amounts of cargo as belly freight. This change in the cargo space availability led to variety of different challenges, such as capacity reduction and price increase. Despite the challenging times, the pandemic allowed the air cargo industry to become adaptive and creative, leaning on to digitalization and other alternative logistical solutions. This thesis will go more in depth of the impacts, which Covid19 had on the air cargo industry, addressing different sectors and future takeaways. This thesis will also discuss the importance of air cargo to Finland including the specific challenges and changes for Finland during Covid19 and post pandemic. This thesis consists of theoretical part combined with interviews carried out with the employees of company X. The research will focus on discussing the primary challenges faced by the air cargo industry caused by the Covid19, the future perspective and strategies of the industry, the specific effects it had on air cargo volumes, routes, and prices and the affects, which the pandemic had on the air cargo operations of company X.