Tag Archives: Coronavirus is grounding the world’s airlines – A hard landing – The Economist

Coronavirus is grounding the world’s airlines – A hard landing – The Economist

 The aviation industry may not fully recover from the effects of the pandemic

Business – The Economist Magazine

IT IS NO surprise that the industry clobbered hardest by the covid-19 pandemic is the one responsible for helping spread it to the four corners of the Earth. But the speed and depth of the nosedive which airlines have taken is nevertheless breathtaking. In a memo to staff on March 13th, entitled “The Survival of British Airways”, the carrier’s boss, Alex Cruz, spoke of “a crisis of global proportions like no other we have known” (for more coverage of the pandemic, see our coronavirus hub). Most of the industry should pull through if the situation lasts one or two quarters. Any longer, and the future of air travel could be altered for good.      Continue reading