Originally Posted by
Switch
^One of the early casualties, with many more to come. Those who continue to provide international cargo services, will likely survive. The demand for such cargo will only expand as lockdowns continue.
The big aircraft suppliers might as well burn their future order books for passenger aircraft.
Executive travel has been undermined by lockdowns, and video conferencing will become the replacement for premium travel options. Thes options often underwrite the cost of cattle class travelers.
The only good news for airlines is the plummeting oil price, but I’m sure a few are already tied in to longer term future prices as a hedge against high fuel costs.
No way out for airlines now. Even the Chinese must be looking in wonder at the effects of clean air, now travel and industrial pollution has been curtailed.