The jury is out on whether limited models of opening up travel and tourism are going to work.
In the recent CAPA-Live sessions, director general of Asia-Pacific Airlines Association, Subhas Menon, said that where countries are thinking of opening up with models like the Sandbox in Phuket, Thailand and a four-category reopening strategy in Singapore, travel is not really picking up.
Seven features of the ‘unrecognisable’ airline industry structure that will appear in the post-Covid world have been identified by CAPA – Centre for Aviation founder and chairman emeritus Peter Harbison.
1. Airline revenue streams, already rapidly evolving, will change greatly;
It is surprising how few airlines went out of business in an ‘unimaginably dreadful year, where international capacity fell to around one tenth of its previous level and many domestic operations fared only slightly better,’ according to CAPA – Centre for Aviation founder and chairman emeritus, Peter Harbison.
However Harbison warns that despite the story of survival we could be fast approaching the ‘tipping point.’
The airline industry has plenty of disruption still to come and desperately needs restructuring, a high level virtual conference heard this week.
In his introduction to the 2020 Aviation Summit, CAPA Centre of Aviation chairman emeritus, Peter Harbison, said that the industry has seen about a 60% drop in passenger numbers globally during the crisis.
The evolution of the trans-Tasman market, including discussion into how the market will evolve now that the Air New Zealand and Virgin Australia partnership has dissolved, will be just one of the topics discussed at the CAPA 2018 New Zealand & Corporate Travel Summit in Auckland on 17 and 18 October.