bring awareness to the extent of impact to the aviation industry. You would be shown how the industry had been steadily increasing in profits over the years leading up to the dawning of Novel Coronavirus in September, 2019. All industries were impacted but the aviation industry was one of the first due to the ease of spread between people. This, coupled with no cure or vaccine has caused immense panic around the world. Thus, governments around the world have restricted cross-country transportation. Similar events can be seen in the catastrophic shocks from airline disasters (Kaplanski and Levy, 2010), the September 11, 2001 attacks (Gillen and Lall, 2003), and the impact of Severe Acute Respiratory Syndrome (SARS) on airline stocks (Loh, 2006). A recent study documents the impact of COVID-19 on employment in the airline industry (Sobieralski, 2020).