Impact of climate risk on economic activities. Analysis of the airlines sector

Abstract

The purpose of this research is to analyze the negative impact of climate behavior on economic sectors in order to minimize this impact through the implementation of adaptive mechanisms to generate certainty in the performance of companies. With this goal, first we present a brief description of the vulnerabilities of each economic sector (primary, secondary and tertiary) in general terms and, subsequently, focus on the services sector, the sector lines, studying the correlation between adaptation and the processes of mitigation in order to reduce the negative impact of climate risk. Our main conclusion is that all the activities have a great sensitivity to the climate due to the interrelation that the pro-ductive activities present to each other. Adaptation to these climatic changes is therefore necessary in order to minimize the vulnerability (sensitivity) of the activities since in the long term the impact will be greater. The value of this paper is to facilitate or improve the capacity to face weather risks because the better the vulnerability to climate change is identified, the better certainty will be the companies’ returns, and their survival.