PowerPoint Presentation

" AIRLINE DISASTER MANAGEMENT PLAN PROPOSAL ".

The COVID-19 pandemic has significantly impacted the airline industry due to travel restrictions and decimation in demand among travelers. Significant reductions in passenger numbers have resulted in flights canceled or planes flying empty between airports, which in turn massively reduced revenues for airlines and forced many airlines to lay off employees or declare bankruptcy. Some have attempted to avoid refunding canceled trips to diminish their losses. Airliner manufacturers and airport operators also have laid-off employees..

SITUATION. Philippine Airlines Inc has filed for Chapter 11 bankruptcy in New York with a lender- supported plan that helps the Southeast Asian country's flag carrier recover after the Covid-19pandemic devastated global travel. The company aims to cut US$2 billion in borrowings through a proposed restructuring plan, which needs court approval, it said. Philippine Airlines will also get US$505 million in equity and debt financing from its majority shareholder, as well as US$150 million of debt financing from new investors. The carrier said it has support agreements from90 percent of its lenders. Considering the Philippines' economy, the airline was one of the most affected sectors due to the spread of coronavirus. The pandemic has forced airlines to suspend flights, lay off employees, and seek financial help. During the first wave of the coronavirus, the airline was stopped entirely because the case was spreading rapidly. Several measures were taken after the cases' slowed down, and appropriate guidelines were followed. Due to the delayed and postponed of many flights, many employees lost their jobs. Due to the covid spread, fewer flights were run, and fewer employees were needed, so many of the employees get unemployed due to the spread of coronavirus. There was a tremendous amount of revenue loss also seen during the pandemic in the airline business..

CASE ANALYSIS. The 2019 pandemic (COVID-19) was the most recent worldwide threat, disrupting corporate operations across many industries. Because sickness is easily transmitted among individuals, the aviation sector was one of the first to be impacted by the occurrence. Lockdowns and curfews restricted people's ability to move from one location to another. The massive decline in demand for passenger air transport caused by the COVID-19 epidemic and containment efforts is compromising the survival of many enterprises in the air transport sector and the rest of the aviation industry, endangering countless jobs. While government policies have frequently targeted the aviation industry, the COVID-19 issue has resulted in a new set of loans, loan guarantees, wage subsidies, and equity injections, raising worries about competition and the effective use of public resources. The findings demonstrated that COVID19 increasingly impacted air transport mobility, reaching a climax in April with a drop in the number of flights by more than 90%. The airline sector is recovering from a significant loss caused by the epidemic and will shortly resume expansion.

PROPOSAL. Strategies that Philippine Airline can learn from Fiji airways:: Since the flare-up of COVID-19, Fiji Airways has found a way to ensure visitors and staff. These incorporate measures through improved installed cleaning measures, giving fundamental individual insurance gear to staff, and making face covers and hand sanitizers accessible ready. Screening measures and installed strategies for the team have been redesigned considering the spread of COVID-19 cases. Visitors are mentioned to acquaint themselves with the important travel/passage limitations and necessities of their objections before leaving on their excursion, to stay away from dissatisfaction at the air terminal. These limitations by nations may change or get refreshed at the short notification and are outside the ability to control the carrier. Visitors who are denied elevate because of these movement limitations can concede travel dates or hold credit for some time later (conditions apply). Various measures have been actualized to alleviate related danger because of the COVD-19 episode: Fiji Airways has executed a brief suspension on all Staff Duty Travel to Mainland China, Korea, and Italy The aircraft has found a way to cut limits on some Hong Kong administrations over February and March Fiji Airways keeps on working intimately with the Fijian Health Ministry to authorize and additionally fortify activities for the security of visitors, and staff, just as our headquarters – Nadi, is Fiji's doo.

THANK YOU !!. Prepared by: Dela Cruz, Jamaica M..