There are three steps to an airline industry recovery. First, airlines have to return capacity to the sky. Second, passengers need to fill those airplanes. Lastly, the fares those passengers pay must be economically sustainable. The industry has not yet reached the first step.
For the United States, the once-and-future largest aviation market, the recovery is threatened by being home to the highest number of confirmed COVID-19 infections. Yet, even though the recovery in the number of passengers screened by the Transportation Security Administration has stalled, there is some optimism warranted that at least the numbers have not retreated...more