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Managerial Economics Title Justification.edited

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Economics
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California Miramar University
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MANAGERIAL ECONOMICS JUSTIFICATION 1
Managerial Economics Title Justification
Name
Course
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MANAGERIAL ECONOMICS JUSTIFICATION 2
Title Justification
Title of the research paper
The impact of the Coronavirus pandemic on the demand and supply of air travel, changes in
prices and income impact on airlines, and how incentives can enhance the industry’s recovery in
2021 -2022.
Problem under investigation
The 2019 global outbreak of the Coronavirus pandemic impacted the worldwide economy, with
most industries and businesses being affected. By June 2020, most small and medium businesses
had either closed or operated half below their capacity. However, the airline industry was one of
the most affected, with air travel shutting down as many countries closed their border to
minimize the spread of the virus. Over one year since the disease outbreak, the airline industry is
yet to recover, with most of the airlines operating 50% below their capacity as of April 2021.
While the recovery of the sector is expected to be slow as vaccination against the disease grows,
full recovery to return to pre-pandemic rates is not expected until 2026 if measures are not
implemented to help in the recovery process. The research paper will investigate how the
Coronavirus pandemic has affected air travel by analyzing air travel services' public demand and
supply. The paper will also look at the impact of this on price changes and income as many
airlines report considerable losses in the last financial year. With the recovery process expected
to be slow, the paper will also look at some of the incentives that airlines, governments, and
other stakeholders can implement to fasten the recovery process.
Importance of the study

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MANAGERIAL ECONOMICS JUSTIFICATION Managerial Economics Title Justification Name Course Date 1 MANAGERIAL ECONOMICS JUSTIFICATION 2 Title Justification • Title of the research paper The impact of the Coronavirus pandemic on the demand and supply of air travel, changes in prices and income impact on airlines, and how incentives can enhance the industry’s recovery in 2021 -2022. • Problem under investigation The 2019 global outbreak of the Coronavirus pandemic impacted the worldwide economy, with most industries and businesses being affected. By June 2020, most small and medium businesses had either closed or operated half below their capacity. However, the airline industry was one of the most affected, with air travel shutting down as many countries closed their border to minimize the spread of the virus. Over one year since the disease outbreak, the airline industry is ye ...
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