In this article by Jay Shabat, from Skift, two scenarios are discussed for the aftermath of corona virus pandemic. The optimistic and the pessimistic view.
Half Full is the optimistic one and Half Empty is the pessimistic one.
Regarding the former, the view is “The world’s airline industry is experiencing its greatest crisis ever. Nothing in the past comes even close. But as governments provide massive support to distressed economies, as entire societies mobilize to defeat the pandemic, and as airlines themselves take advantages of unique opportunities presented by the crisis, brighter days might come sooner than later”.
Regarding the latter, the view is “For all the many shocks throughout airline industry history, never before has every single passenger airline in the world — no exceptions — been turned into overnight Alitalias. Actually, it’s even worse than that. Planes aren’t flying. Revenues are close to zero. Tens of thousands of airline workers are losing their jobs. Does anyone really think the industry can recover from something so traumatic anytime soon?”
Read the article and comment. What do you think about these two scenarios?