The Intelligence from The Economist Flight attendance: airlines after the pandemic
Jul 13, 2021
Joining the discussion is Simon Wright, The Economist's industry editor, who delves into the airline industry's tumultuous post-pandemic landscape. He analyzes which carriers are set to thrive amidst recovery challenges and contrasting market behaviors. The conversation shifts to rising Latin American migration patterns, highlighting human stories in the quest for refuge. Additionally, the charming revival of Japan's public bathhouses emerges, as they reinvent themselves for a hipster audience while navigating the delicate balance between tradition and modernity.
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Airline Industry Challenges
- The airline industry is a tough business, with low profit margins and frequent bankruptcies.
- Government intervention through bailouts is common, often driven by national pride.
Bailout Downsides
- Government bailouts can hinder airlines' ability to restructure effectively.
- Governments may prioritize job preservation and specific routes over necessary cost-cutting measures.
Domestic Travel Advantage
- Airlines with large domestic markets, like those in the US and China, are recovering faster.
- These airlines benefit from government support and increasing domestic travel demand.