Within eight weeks everything has changed. When the crisis ends, the industry will be a different one. The majority of airlines now don’t expect demand to normalize before 2022. Aviation is experiencing the biggest crisis in its history with the outbreak of the Covid 19 pandemic. It is now also clear that this is not a short, difficult phase, but a turning point.
Even though airlines around the world were carrying record numbers of passengers before the crisis, only a minority were doing really well.
The rapid growth of the industry in recent years – driven by cheap capital and low kerosene prices – has only been profitable for very few. Continue reading “The aviation world after Corona – what will it look like?”
