Flying into Uncharted Territory
Our industry has faced downturns before but the depth of this one is epic.

Our industry has faced downturns before but the depth of this one is epic. Predictions about the recovery profile – L, V, U or whichever letter of the alphabet is popular today – seem to change every week because we’re in uncharted territory.

The economic contractions of 2001 and 2008 that hit aviation weren’t defined by international border closures, mandatory quarantines, corporate directives limiting business travel, foreign travel medical insurance constraints, the purging of entire fleet types, mass layoffs, fearful travellers, high unemployment, and the risk of a repeat shock. Unfortunately, the short and medium-term outlooks are rather grim.