As countries gradually lift quarantine
measures and selectively resume domestic
and international travel, we are cautiously
optimistic that the deep crisis phase may
come to an end in the not-too-distant future.
In the Covid overhang phase, expect further
dips and rebounds as various global regions
get hit by recurring waves of virus until a
vaccine is widely available. While it is unclear
how long this period will last, we expect at
least 18-24 months until air travel settles
down into the New Normal.
For industry stakeholders, this means
bracing for challenging times and managing
ambiguity – but also an opportunity to
restructure and come out of the crisis
stronger than before.