As one of the cabin crew laid off, I can’t help but wonder whether these layoffs will be temporary or permanent.
I also can’t help but wonder: what could the expected economic fallout from this pandemic really mean for the airline industry in the next coming years?
The airline industry has been resilient in surviving the likes of the 9/11 attacks, the 2008 financial crisis, and the 2002-04 SARS pandemic – and that’s just in this century alone.
It was several weeks ago that I already started to see the impact. Businesses began to cut back on travel and passengers opted to defer holidays as the fear of coronavirus began to spread.