The airline industry is known for being one of the most lucrative industries in the market, especially when there is an average of 145,000 flights in a day. Even during a public health crisis that has crippled various industries, there are still thousands of flights done worldwide. But even though a large burgeoning industry like the airline business might still be operating during the pandemic, they have also lost billions of dollars in revenue in the last few months.
Although many different industries might feel indifferent towards the airline industry, it’s important to note that it has helped other industries. This industry has been a “lifeline” for a variety of other industries. Without the airline industry, most businesses as we know them today would be non-existent. It would be hard for most industries to stay afloat, especially when international conglomerates and businesses rely on the airline industry to transport goods and even clients.
In the last few months, medical healthcare corporations and pharmaceutical companies have been racing to develop a vaccine so that the economies of countries can start bouncing back without the looming threat of COVID-10 infections. But even though most businesses will start bouncing back from a slump in revenue and sales, the airline industry will need to make drastic changes to ensure that they meet the public’s demand.
That said, how will the airline industry be fairing right after the pandemic? Will it be able to bounce back when it is getting a steady influx of passengers and customers? Here’s what you’ll need to know.
As most of us know, the pandemic has caused a drastic slump in passengers, mostly due to two factors:
- The looming fear of getting COVID-19 in flights.
- Countries are imposing strict no-fly policies for countries that are heavily hit with COVID-19 cases.
- Even if there are flights towards other countries and regions in a particular country, most travelers will still need to adhere to strict quarantine measures and guidelines, which might take weeks.
Since regular maintenance and repairs of active planes can be costly, most companies and corporations are forced to decommission and “mothball” some planes, especially those that don’t get as much use and won’t cut the cost needed. In fact, recent sources have shown that boneyards for decommissioned planes have been increasing in size lately, with 14,000 planes being decommissioned since April. If this is the case, then most companies will have an extra challenge of getting planes up and running, especially since there’s bound to be even more potential customers and passengers at the end of the pandemic.
But even though there might be some “hoops” that these businesses might have to go through, there is a silver lining to the scenario: this will give the industry an ample amount to upgrade tools and equipment for navigation and flight systems.
Fortunately, state-of-the-art and cost-effective aerospace circuit boards are known for drastically improving equipment performance in the aeronautics industry while adhering to ISO9001 and AS9100.
What Does the Airline Industry Look Like in the Future?
There are only a few weeks left for this year, and there’s high confidence that many businesses will be back up at the beginning of next year, especially that most corporations are racing towards a vaccine. But contrary to what most people think, much of how most industries will be working right after the world will go back to “normal” will be quite different than usual.
Most industries will change the framework of their business, depending on previous crises and situations. For instance, the events of 9/11 caused drastic changes in the security standards of flights. If this is the case, the airline industry will have to revamp its hygiene and health standards.
Still, most experts would say that the airline industry will slowly but surely recover from the pandemic. Although, this will take years to get the industry back on its feet. On a global scale, it will be around the start of 2023 to get much of the industry operational again. Others would suggest that it will take a span of five years to ensure that the industry in poorer countries will come back.
The public health crisis that the pandemic has caused in the last nine to ten months has hit the airline industry hard, with much of the businesses related to the industry losing billions of dollars. But the industry is set to make a comeback in the next few years. Much of the industry will need to revamp its health and hygiene standards to ensure that transmissions for infectious diseases will be kept at a minimum. Although, it will take a bit of time for the industry to bounce back on its feet.