Covid-19, the airline industry, and why now is the time to think outside the box
The latest white paper from SunStar Jets
While we all try to live with Covid-19 around us, we have to realize that at least for the near future this will be the new normal, and we simply have to adapt and move on with business, taking the necessary safety precautions of wearing a mask and social distancing. Some might think it's time to hold back on jet acquisitions, but in fact now is the time to buy and take advantage of the lower pricing.
Where Do We Go From Here: As airlines struggle, there is light at the end of the tunnel, it's just a matter of adapting, thinking outside the box, and of course having the funds in place to secure the future.
Slumps in travel demand are nothing new, for instance who can forget September 11th, 2001 when the US and the world were shocked by an egregious act of terrorism, which led to passengers becoming weary of air travel, heightened security, all of which forced airlines to cut flights and put aircraft in to storage. But despite that the industry did recover and just one year later the passenger numbers were at 1.627 billion, just slightly lower than 2001's number of 1.655 billion, and by 2005 the number stood at 1.97 billion, and by 2018 4.233 billion. We have come a long way since the early 70's when the numbers were under 500 million, and even lower back in the 50's and 60's.
Think Of This As A Reset: Airlines should probably take a look at the past to move towards the future, back in the 50's and 60's many people thought of the journey as an integral part of their vacation travel, and some still do.
To receive a full free copy of the white paper please contact: email@example.com
SunStar Jets, Inc
Geoff Andrews - Managing Partner