Airline industry braces for prolonged recovery from coronavirus crisis - News Daily

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Thursday, April 2, 2020

Airline industry braces for prolonged recovery from coronavirus crisis

By Jamie Freed SYDNEY (Reuters) - A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of last year's levels and around half the world's airplane fleet is in storage. Carriers including United Airlines Holdings Inc and Air New Zealand Ltd have warned they are likely to emerge from the crisis smaller, and there are fears others may not survive. "It is likely that when we get across to the other side of the pandemic, things won't return to the vibrant market conditions we had at the start of the year," said Olivier Ponti, vice president at data firm ForwardKeys

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