Someone once said history doesn’t repeat, but it rhymes. Today, as all the world’s airlines face a cataclysm caused by the Covid-19 pandemic, memories of the post 9-11 period come to mind. But this crisis is far worse. Within a period of a few weeks, airlines have seen passenger demand completely collapse.
The economic damage to the industry, its employees and its supplier base is immense; and because aviation does not exist in a vacuum the harm will extend into virtually every corner of our globally connected economy. The fact is that the modern world is built on aviation connectivity. Aviation supports $2.7-trillion in economic activity, equivalent to 3.6% of global GDP.
Time is fast running out for governments to step in to help. The International Air Transport Association has estimated that the typical airline had just two months of cash at the start of the year, and the latest available figures suggest global air passenger numbers for March are down 50% from a year ago. Support measures are urgently needed.
Why airlines not people’s lives first ?
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