I think the coronavirus will have a long lasting impact on aviation. Companies just got aware that planning for something like this has to be part of a sustainable business plan. And it may be even change the way business operates and giving home office concepts and teleconferences the edge.
Or how Elon Musk put it:https://twitter.com/BoredElonMusk/status/1235962895717957632
That conclusion you’ve come to about the fundamental ways our work and businesses will be changed post-Covid19 is not novel. Everyone has known for quite some time that remote work is completely doable for non-manufacturing jobs, and that most conferences are just boondoggles.
This crisis will change a lot.
And I would not be surprised is the business travel demand will not recover to the levels before the crisis.
It`s not just the airline industry suffering, there are major drops in revenue in most of other industries to come. I think the worst is yet to come for Dow&co. The next quaterly results will be hard to shallow.
China has a >80% drop in car sales, and that`s where carmakers worldwide have been selling a lot of cars. Musk is just downplaying Coronavirus, and probably suffering hard as his just finished Giga factory shanghai needs chinese orders to pay back the debt for it. Orders that probably won't be coming for a while in reasonable amount.
The good thing is that most countries take this seriously and working hard to slow the spread. If the northern summer starts early, that will help to get a corona-break. Sun, UV and heat is not something that virusses like. As you can see if you look at the hot aquatorial countries in africa and australia where the virus has a hard time to get a foot into.
That makes me wonder if those could get a prefered holiday destination? Like "Take break from Coronavirus, come to corona-defeating africa!"?
I think this experience clearly makes the flexible-low capital-exposure narrowbody-longhaul concept the way to go in the future. The unflexible Emirates concept should suffer the most.