Aviation Industry After Covid-19. Impact of Coronavirus on airlines
In this video I mention some likely outcomes with regard to the aviation industry and air travel after Covid 19.
What is ihe impact of Coronavius on aviation?
It doesn’t take an expert to work out that the impact of the Coronavirus pandemic on the aviation industry has been nothing short of catastrophic.
The effect has been disastrous for General Aviation as well as the airline industry and holiday companies.
I’m not going to mention all the statistics about the percentage drop in flights, income and so on, and you’re probably already aware of how vital aviation is for the global economy.
As I’ve explained in previous videos, there are many ancillary services that rely on airlines and air travel, from the taxi drivers to the hotel staff, from the caterers to the cleaners.
The extra fuel of government job retention schemes, grants, and loans have lessened the damage, but they all must be paid for by either higher taxation or more borrowing.
For anyone with ambitions involving a future within the aviation industry, whether as a pilot, cabin crew, engineer, or ground staff, this must be a very worrying time.
For the aviation industry it has been far worse than 9/11 and it will take a long time for it to regain altitude.
Grounded aircraft not only fail to generate any income, but they drain cash reserves due to the ongoing cost of the essential maintenance required to keep them airworthy and ready to return to service immediately when lockdown is lifted.
Orders for new aircraft have been cancelled, thousands of jobs have been lost, and careers have been put on hold.
Airbus has suggested that it may take as long as three to five years for the aviation industry to recover to pre-pandemic levels.
However, amidst all the gloom there are already signs of hope and optimism.
It has been suggested that this enforced reboot will accelerate the switch to new, modern aircraft with lower carbon emissions and greater fuel efficiency.
Just many people have regained a sense of appreciation for those aspects of life and relationships that we took for granted before lockdown, we may also find that people return to buying air tickets for the same reason.
Passengers who have been denied the opportunity for holidays will return with a deeper appreciation of the joys of flight and foreign travel.
Those who enjoy a break that enables them to sunbathe, ski, visit nature reserves, or explore cities may be chomping at the bit to hear that boarding call once again.
Even if some low-level risk remains there are plenty of passengers eager to live life to the full, with all its risks, rather than stay at home baking banana bread.
And just as some have affirmed that the High Street needs it shoppers to come back in force, so too does the airline industry need its travellers to shake off the lockdown blues and pack a bag.
Continued in the video…
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