Economist Podcasts Flight risk: airlines and covid-19
Mar 16, 2020
Miranda Johnson, The Economist's Southeast Asia correspondent, dives into the turmoil facing airlines during the COVID-19 pandemic. She discusses the dire impact of travel restrictions worldwide and the financial struggles of the aviation industry. Johnson also touches on the tension between progressive public sentiment and conservative Philippine laws, particularly regarding divorce. Lastly, she explores the future of drone delivery, highlighting technological advancements and safety challenges shaping this emerging market.
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Airlines Hit Hardest
- The pandemic has severely impacted the airline industry, particularly network airlines in Europe.
- They face decreased international travel and reduced domestic flights that feed international routes.
Double Trouble for Airlines
- Airlines face a double whammy of travel restrictions and decreased demand from fearful passengers.
- Bookings, the primary revenue source for airlines, have plummeted significantly.
Airlines' Drastic Measures
- Airlines are taking drastic measures like canceling flights and laying off staff.
- SAS and Lufthansa are canceling flights, while Norwegian and SAS are temporarily laying off a large percentage of their workforce.