COVID-19 Impact on Commercial Aerospace Market

Pages: 26 Published: April 30, 2020 Report Code: ADS001COVSI

Though the Commercial Aerospace sector is almost entirely reliant on a customer base of Airlines for its market, the primes in the sector do not have consistent exposure to COVID-19 fallout. The diverging positions of Boeing and Airbus point to further nuance in market impact. Commercial Airliner orders are expected to be cancelled and deferred in significant numbers.

The ability of industry to survive the initial drop-off period through liquidity, including liquidity all the way through the supply chain. This is not a monolithic industry, and as such there is variability amongst the companies in this space (examples of Boeing and Airbus have been used).

“With The International Air Transport Association (IATA) projecting a 2020 loss of USD $252 Billion in passenger revenue due to COVID-19, Airliner orders are expected to be cancelled and deferred in significant numbers. Critical to Commercial Aerospace will be the ability to maintain liquidity through the downturn, and the maintenance of cashflow through the supplier network” – Anthony Endresen, Defense Analyst at GlobalData

Scope

The report is to understand the impact of the COVID-19 outbreak on the Commercial Aerospace sector.

This report provides insight into the current state of play, offers a look at potential future scenarios and assesses the actions that aerospace sector can take to mitigate the impact of COVID-19.

The report includes an insightful industry analysis of the COVID-19 Sector Impact on Commercial Aerospace and key use cases highlighting how various companies around the world have started working on the development.

The report covers the following:

  • Primary Factors determining the Future of the Commercial Aerospace Market
  • Exposure Limitation through Supply Chain Protection
  • Boeing and Airbus Facilities and Operations Update
  • Divergence in recovery versus historical crises
  • Supply Chain Vulnerability
  • Airbus Production Slowdown

Key Highlights

Critical to Commercial Aerospace will be the ability to maintain liquidity through the downturn, and the maintenance of cashflow through the supplier network.

Prime and supply-chain companies’ assistance from Government will also be determined by their position in defense, as the maintenance of the supply chain for defense products will be a national imperative.

The decline of A380 operations due to COVID-19 is likely to be the beginning of a downward trend for the A380 in terms of its place in the future market, in the short, medium and longer terms.

GlobalData expects the dropoff and recovery period to differ from the v shape in historical crisis and recovery examples, with the recovery period expected to be extended and at a significantly shallower gradient.

Reasons to Buy

Gain an overview of the current global COVID-19 situation

Gain in-depth understanding about the impact of COVID-19 in Commercial Aerospace Market

Understand the impact that COVID-19 is having on the industry

Explore future industry scenarios

Compare key industry players’ actions

Key Players

Boeing
Airbus
Spirit AeroSystems

Table of Contents

Table of Contents

Sector Overview

Sector Exposure Divergence

Sector Landscape Changes

Projected Commercial Passenger Market Collapse Figures

Exposure Limitation and Market Adaptation

Exposure Limitation and Market Adaptation

Revenue by Sector: Boeing and Airbus

Commercial Aerospace Market Factors

Primary Commercial Aerospace Market Factors

A380 Operations: Canary in the mine?

Airbus Orders March 2020

Boeing and Airbus Facilities and Operations Update

Commercial Aerospace Facilities Closures: Boeing and Airbus

Divergence: Projected Recovery Versus Historical Recovery

Historical Pattern Divergence

Supply Chain Vulnerability

Spirit AeroSystemsLiquidity Preservation

Spirit AeroSystemsin Figures

Airbus Production Slowdown

Airbus slowdown rationale

Delivery bottleneck

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