Part 5/9:
In this optimistic portrayal, 2020 is deemed a lost year, but by 2021, a gradual recovery begins as consumer confidence returns, leading to increased passenger numbers. In this scenario, although some airlines may declare bankruptcy, leading carriers will likely emerge stronger after undergoing significant restructuring and spending efficiency efforts.
While government bailouts will line the pockets of legacy carriers, stringent conditions related to environmental sustainability may reshape their operational strategies. The restructured low-cost carriers will capitalize on their lower operating costs, potentially driving prices lower as the market begins to stabilize and demand increases.