The year that followed us brought numerous temptations on a global level. The pandemic that spread at the speed of light caused tectonic changes in all spheres of our lives. It has shown many weaknesses in our society, but on the other hand, it has enabled us to re-examine many things that make up our lives. Of course, the aviation industry also found itself hitting, suffering considerable losses in the previous period.
However, science and medicine have shown an enviable level of knowledge and skills, and vaccines have appeared in record time, promising us a brighter future. Our wishes for the New Year are for the aviation industry to recover as soon as possible. And in the hope that the rhythm of life will return to normal very soon. And the expectations are promising.
A significant recovery depends on how long it takes to develop and distribute a long-awaited COVID-19 vaccine.
To meet better days
A study conducted by Eurocontrol shows us what to expect. They predict three possible scenarios for the recovery of the aviation industry. Of course, predictions go from the most optimistic to the most unfavorable. But we believe that optimism is what moves life in a positive direction.
Many factors will affect the pace of recovery. How quickly the vaccine will be distributed around the world, will it be effective? Of course, there are also questions about the control of vaccinated passengers and the way in which they will confirm that they are not a danger for the spread of the virus. Another vital thing is the fear of passengers which is a serious, disturbing factor. How long will it take to restore passenger confidence, include new revenue priorities and new operational demands?
Evolving of industry
Interesting is the IATA report which states, among other things: “We believe that, by 2021, airline distribution will evolve from its current passive, rigid, and technology-centric state to a more flexible, dynamic, and passenger-centric environment which we call active distribution. ” Certainly, an interesting topic to think about in planning ways to come together as an industry to restore a commercially viable business model. Even if that means moving far beyond the airlines’ comfort zone.
Airlines will recover slowly, of course with significantly lower numbers than in previous years, but still with moderate optimism ahead of them. Estimates are that revenues will significantly exceed those of 2020, but still will not be close to those projected before the pandemic. We must all be aware that this is a long-distance race and be prepared to work patiently on recovery.
We are certainly facing an interesting period that can bring with it numerous changes. Some that we can already notice, and some that are yet to appear and surprise us all. The most important thing is that the industry wakes up from lethargy and that it has started devising ways to recover.
Our team is wishing you all the best in the New Year, and we are looking forward to the recovery of the industry.