. The airline plans to fly 55% of the previous year's domestic capacity in July, or 40% of its overall system capacity — an increase from just 20% in April, 25% in May, and 20% again in June.
Total system capacity, which airlines have lowered to match the fall in demand, will be down 75% for the quarter compared to 2019. "Along with these cost-saving actions, the Company has recently experienced improving demand conditions and has passed the peak in cash refund activity," the airline wrote in the filing.
The Airline Industry will need to be consolidated and nationalized. With Zoom meetings, and working from home becoming a mainstay, business travel after COVID19 will fall off a cliff. There’s no recovery for Airlines as a for profit industry. It’s over.
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