Department of Business, Southwest Jiaotong University Hope College, Chengdu, China
The spread of COVID-19 pandemic at the end of 2019 has resulted the severe loss on US economy. The paper uses time series analysis based on the aviation data from February 2020 to September 2021 and other related information, the relationship of key factors is examined. The results turn out: (1) the causality relationship between passengers and aviation economy exists. (2) the unemployment rate has negatively affected the numbers of passengers. (3) the rate of IPI decreases by 1% in response to the increase of unemployment rate by 0.14%, whereas the numbers of passengers drop by 2.7% due to the same influence.
COVID-19; US Aviation Industry; Shock Effect
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