Will SARS-Cov-2 (Coronavirus) hide pre-existing airline difficulties?
Coronavirus will hide many systemic issues that were already affecting the industry.
Global Airline downturn
As we predicted at the end of 2016, the global airline industry was due for a downturn. It was wholly predictable. As usual, during years of high profitability, airlines continually ad capacity, hoping the bubble won't burst. In parallel, airlines oder aircraft up to 10-15 years in advance. Aircraft being delivered during the profit decade from 2010 were ordered long before. But airlines kept ordering more aircraft, in record numbers in 2011, 2013 and 2014 with many deliverie