Pro-environmental initiatives versus crisis. The possibility of implementing programmes aimed at sustainable development of civil aviation during one of the greatest collapses in the aviation market in history
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Abstract
Pro-environmental initiatives are constantly gaining momentum and have a significant impact on the entities acting on the markets regulated by them. Air transport is particularly exposed to the risk of large consequences due to relatively high level of carbon dioxide emission compared to other forms of transportation. On the aviation market, the main emitters of CO2 are air carriers, which are also the central group on this market in terms of cashflows. The aim of the study was to review selected pro-environmental initiatives affecting the operational activities of aviation companies and to check the direction of its changes made by decision-makers in response to COVID-19 pandemic crisis. Author has hypothesized that air market companies are not able to cover the costs stemming from the implemented pro-envitonmental initiatives, which was confirmed by analyzing and comparing the market overview and financial situation of the largest air carriers in Europe at the end of 2019 and 2020.
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