Part 8/9:
While the eventual outcomes rely heavily on recovery trends in consumer behavior and economic conditions, there appears to be a strong inclination towards Scenario One with elements of Scenario Two. The expectation is that 2021 will witness increasing demand for travel, albeit with changes in airport operations and passenger behavior, leading to somewhat elevated prices in the medium term.
While price hikes may be on the horizon, the discussion emphasizes that while the era of super-low fares may wane, low-cost airlines will remain; albeit they might adjust local travel costs that reflect the demand and effectiveness of operational strategies adapted in response to the pandemic.