As the impact of covid has led to the huge losses to the airline companies , many of the airline companies have not been able to sustain these losses for long and filed bankruptcy. As a result of this , there are very few airline companies left which are sustaining and running their operations and providing the services. We can say here that the emergent market is here now a monopoly market where the demand is going to be very inelastic and prices will skyrocket. The consumer surplus will fall and there will be more changes of the market failure due to this fall in surplus. This can be illustrated as follows -