As the pandemic shuts down the global economy the aviation industry is proving one of the worst hit sectors. High overheads and fixed costs have always made airlines vulnerable to drops in income and coronavirus has cut into their bottom line like nothing else. The now inevitable loss of most the summer season’s business, when airlines usually make most of their profits, is a particularly bitter blow.
The question now is will the industry be able to ride out this storm? And what will it look like on the other side?
