Impact of virus threatens industry’s engine of sales, profit
Road warriors turn to video conferences while CEOs eye budgets.
U.S. passenger totals plummeted more than 95% at the peak of the pandemic-related travel collapse.
U.S. airlines hammered by the catastrophic loss of passengers during the pandemic are confronting a once-unthinkable scenario: that this crisis will obliterate much of the corporate flying they’ve relied on for decades to prop up profits.
“It is likely that business travel will never return to pre-Covid levels,” said Adam Pilarski, senior vice president at Avitas, an aviation consultant. “It is one of those unfortunate cases where the industry will be permanently impaired and what we lost now is gone, never to come back.”