Once again, airlines across the globe are facing stiff headwinds, this time due to the current COVID-19 pandemic. Travel bans and general health fears have driven customers away forcing airlines to reinvent themselves to keep the lights on. Government stimulus monies often come with restrictions and limitations and do not offer long term solutions. Meant as a financial bridge to when airline customers return, airlines are now looking at ways to maintain financial viability for when the industry recovery takes…
The dramatic drop in demand and the restrictions on international travel caused by the COVID-19 pandemic are devastating the finances of most airlines around the world. Carriers in the U.S. are receiving billions of dollars in grants and loans, Norwegian Airlines, Virgin Australia and South African Airlines are facing bankruptcy…
