Abstract:
Nowadays, the COVID-19 outbreak is a global problem. COVID-19 threatens politics and economics. This research aims to study the relationship among COVID-19, air transportation (International air passenger and Domestic air passenger), economy (GDP), and unemployment (Unemployment rate) by using the regression model, Double-Log functional form method. The data is the number of air passengers. Gross Domestic Product and Unemployment Rate in 4 Quarters of 2020. For analysis, the data has two datasets classified by international air passenger at 36 airports, 144 samples and domestic air passenger at 34 airports, 136 samples. Based on the results, COVID-19 impacted air passengers (both international and domestic), GDP, and the unemployment rate. First, COVID-19 affected international and domestic air passengers in the opposite direction. After that, the unemployment rate was affected by COVID-19 in the same direction. Last, GDP was in the same direction as the number of COVID-19 patients, but this result did not go as planned. It may be caused by using the double-log regression method for long-term effect. So, for long-term analysis, GDP is not impacted by COVID-19. It may be due to the business adapt to the new normal including, the effective management of the government. The results of this study showed a correlation and direction of each factor that were related to each other.