TRL3703
Assignment 1 Semester 1 2024
Detailed Solutions, References & Explanations
Unique number: 639064
Due Date: 08 March 2024
Question 1
The COVID-19 pandemic had a profound impact on the global aviation industry, with low-
cost carriers (LCC) being particularly hard hit. As travel restrictions, lockdowns, and border
closures were imposed by governments around the world, passenger demand plummeted,
leading to widespread flight cancellations and route suspensions. This resulted in significant
revenue losses for LCCs, many of which were forced to ground a substantial portion of their
fleets and implement cost-cutting measures in order to survive.
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