Economist Podcasts Flight risk: airlines and covid-19
Mar 16, 2020
Miranda Johnson, The Economist's Southeast Asia correspondent, dives into the turmoil facing airlines during the COVID-19 pandemic. She discusses the dire impact of travel restrictions worldwide and the financial struggles of the aviation industry. Johnson also touches on the tension between progressive public sentiment and conservative Philippine laws, particularly regarding divorce. Lastly, she explores the future of drone delivery, highlighting technological advancements and safety challenges shaping this emerging market.
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Airlines' Drastic Measures
- Airlines are taking drastic measures like canceling flights and laying off staff.
- SAS and Lufthansa are canceling flights, while Norwegian and SAS are temporarily laying off a large percentage of their workforce.
Lessons from China?
- China's airline industry offers some guidance, but the situation isn't directly comparable.
- While China's domestic market has rebounded slightly, the reliance on international travel differs.
An Unprecedented Situation
- Airlines hope for a scenario similar to past emergencies, but this situation is unique.
- Airlines are focusing on preserving cash and weathering the storm, though the end is uncertain.