Business Daily
Can airlines survive coronavirus?
Mar 17, 2020
Travel expert Simon Calder and aviation consultant John Strickland discuss the impact of coronavirus on airlines, including flight cancellations, staff reductions, and the future of low-cost travel. They explore the vulnerabilities of the airline industry and the calls for government bailouts. Finance expert Frances Coppola argues for support across multiple sectors.
18:19
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Quick takeaways
- Airlines facing potential bankruptcies by May due to entry bans and low travel demand.
- Calls for government bailout raise concerns about neglecting support for other affected sectors.
Deep dives
Impact of COVID-19 on Airlines
The pandemic's impact on the airline industry is severe, with major European airlines drastically reducing their flight capacities. Entry bans and declining travel demand have led to chaos and confusion, affecting both passengers and worker livelihoods. The Centre for Aviation warns of potential bankruptcies for most airlines by May, putting thousands of support staff at risk. The industry's labor-intensive nature compounds the financial strain, raising concerns about long-term sustainability.
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