COVID-19 Has Left the Aviation Industry Fighting for Survival
COVID-19 has been worse for the industry than 9/11.
Aviation works to bring people together, and it does a great job of that. But what happens when people are supposed to be apart?
This is what the aviation industry is struggling with right now. As the spread of COVID-19 takes over the world, borders are closed, and people are shut in their homes.
With no need to fly, what happens to the aviation industry? Initially, it was just flights to China that were canceled. This did not have a significant impact on the industry.
But soon after flights to South Korea and Iran followed suit. Moreover, flights to Italy were canceled, and as the virus seeped through to the rest of Europe, the situation became increasingly severe for airlines.
Europe is home to three of the world's largest airlines by revenue. Having a virus pandemic in their home region was untenable. The situation, however, soon became even worse.
On March 11th, U.S. President Donald Trump announced a complete ban on all European travelers. This was devastating, as European-American flights are some of the most profitable flights.
This decision sent airlines into a crisis mode. What happened next? We won't tell you anymore. You have to watch the video for that. We will tell you it was a crisis that can never be matched!