The Intelligence from The Economist Flight risk: airlines and covid-19
Mar 16, 2020
Miranda Johnson, The Economist's Southeast Asia correspondent, dives into the surprising gap between the socially conservative laws of the Philippines and the more progressive views of its populace. The discussion highlights the tension surrounding issues like divorce and same-sex marriage and explores why legislation lags behind public sentiment. Johnson also touches on the existential threat that COVID-19 poses to airlines and innovative solutions like drone delivery systems emerging in response to the pandemic.
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Unprecedented Airline Crisis
- Airlines face a worse crisis than ever before, due to COVID-19's uncertain duration.
- Travel restrictions and fear are causing demand and bookings to plummet.
Airline Survival Strategies
- Airlines are canceling flights, freezing hiring, and temporarily laying off staff.
- These measures aim to preserve cash and weather the storm.
China's Airline Recovery
- China's domestic market rebounded slightly after initial flight cancellations.
- It's unclear if international travel will recover similarly.