Since the outbreak of the epidemic since the beginning of 2020, it has brought tremendous impact to the global civil aviation industry.
This time, three major phenomena have emerged in the global civil aviation industry:
One is freezing.
Almost all airlines and most aircraft are lying on the apron. The passenger traffic has also dropped sharply.
Second is huge losses.
Large-scale aviation giants are billions of losses, this is a common phenomenon.
Third, bankruptcy.
Almost all major civil aviation countries have airlines bankruptcy, nearly 100 airlines bankrupted worldwide.
Under such circumstances, it will be accompanied by the restructuring of civil aviation industry.
In fact, some countries have already started the restructuring of civil aviation.
In the United States, American JetBlue and Frontier Airlines won in the bidding process of Spirit Airlines, acquiring Spirit Airlines for US$3.8 billion to create the fifth largest US airline.
In South Korea, Korean Air is acquiring Korean Air, if the two major airlines in South Korea merged, it will join the ranks of the top ten airlines in the world.
In Europe, Lufthansa proposed to buy the minority stake of Italian ITA Airlines, and the Portuguese government is considering selling the relevant business of Portuguese Airlines TAP completely or partially.
Recently, the CEO of Europe’s largest budget airline Ryanair said that airlines in Europe are entering an “unavoidable” post-epidemic integration period. After the new crown epidemic, the European civil aviation industry will definitely enter a 4-5 year integration period.
Due to the inability of many traditional airlines in Europe to effectively compete with budget airlines, coupled with the impact of the epidemic, the current high asset-liability ratio and high financial costs, mergers can be used to increase market share, strengthen market dominance and reduce debt pressure.
European civil aviation personnel think that
the acquisition of ITA and TAP Airlines is inevitable. With the further integration of the European civil aviation industry, the future European civil aviation industry will be dominated by the four groups of Lufthansa, KLM, British International Airlines (British Airways parent company) and Ryanair.
Unfortunately, the world’s top three civil aviations: the United States, Europe and China are still in a muddle now, only China’s civil aviation industry.
There are many airlines, and the characteristics of many, small, scattered and diversified are obvious.
In the past three years, neither an airline has gone bankrupt due to the epidemic nor used this crisis to integrate an airline.