How we will fly beyond the crisis

摘要

The reduction in air traffic or complete cancellation of many routes we are witnessing today are not the consequence of ordinary business cycJes. History teaches us that one of the particular features of the aviation industry is resiJience. After the crisis of 11 September 2001, which caused air passenger traffic to fall off by approximately 30%, it took some three years to return topre-crisis Jevels. After the financial crisis that shook the entire world in 2008, with repercussions on travel, international air traffic had recovered to pre-recession levels Jess than 18 months after the lowest trough. The eruption of the Eyjafjallajokull volcanoe in Iceland in April 2010 grounded much of the European fleet for three months. Last year the Boeing 737Max was grounded after two fatal accidents. These crises mainly resulted in reduction in demand over a relatively brief timespan and were relatively less severe than what we are witnessing today: the COVID-19 crisis is a wholly novel event in the history of air transport.