International traffic almost eliminated by Covid, huge losses and 400 thousand layoffs: global airlines towards stagnation

For airlines there is only one password: to survive. The sector, one of the most affected by the pandemic And by the restrictions that follow, he is forced to deal with nightmare numbers. The most updated one was released a few days ago there. there is (International Air Transport Association): international traffic is in 92% drop compared to a year ago, in short, almost zero. Long-haul flights have the highest profit margins, especially those route from London to New York, the most profitable in the world, has lost 4 out of 5 passengers. Expectations are a general waste of more 80 billion dollars in 2020. This despite the 120 billion euros that governments around the world have pumped into corporate coffers. To the sun Lufthansa me Air France Klm the checks have been drawn from 10 billion euros each. Income is expected to fall 400 billion, we manage by intervening with the blade in costs. So planes on the ground and layoffs: 400 thousand those announced since the beginning of the pandemic, second Bloomberg. The only note of relief is the oil price to which the cost of fuels is linked, a large item of company spending, which in turn is reduced and stabilized at low levels.

The stock market value of companies fell by more than half – Summer had brought some rays of sunshine through the clouds. But the data of the last weeks on infections in the world and the new restrictive measures have turned off the timid optimisms. The new frost was immediately felt in the stock market, where listed companies lost double figures. Since last february IAG (Check it out British Airways and Iberia) saw its price drop 62%. Lufthansa and the United States Delta they have practically halved their value. That of Easyjet dropped to a third. Resists better Ryanair which capitalizes about a third less than in February. the quarterly, of course, they were a scream. Between April and June, Air France KLM has lost 2.6 billion euros, Easyjet closed with a red of around 350 million and an impressive one 99% drop in revenue, the passengers carried by the British low-cost company were 117 thousand against 26.4 million the previous year. Only in flight 10 aircraft in a fleet of almost 350 aircraft.

We will return to altitude, perhaps, in 2024 – European companies are particularly penalized because this is where, at the moment, the worst situation is recorded. Throughout 2020, air traffic should more than a half. The flights will be around 6 million. According to a recent study by the rating agency Standard and poor the situation will not return to normal before 2024. Relative normality, however, since in any case the season of the pandemic is destined to leave a lasting legacy. In particular, traveling for work will be an option that will have to deal with alternatives (videoconferences and the like) that have been widely used in recent months. The goose that lays the golden eggs for companies, I international travel in business class, she is stunned by the virus.

“Quarantines are killing us” – The situation is so serious that There is, Committed to heavy lobbying pressure on governments, it also proposed a rather bold solution from a health standpoint: enough quarantinesinstead, the adoption of a “fast, accurate, cheap and easy” Covid-19 testing system to be performed on all passengers before departure. The fear of being trapped for 14 days or more is, in fact, what prevents travelers from moving outside their borders. In recent research 83% of passengers He said he will not travel if there is a possibility of being quarantined in the destination country. “Quarantines are killing us” is the heartbroken comment of Alexander of Juniac, Iata’s number one.