Industry analysts say that 90 percent of North American flight will be back by Christmas, as the new rescue package puts the workers first.
So, with a $25 billion rescue package in the works, the airlines will stay in business, fit for purpose when there are once again passengers to fill the seats.
When might that be?
Analysts at the International Air Transport Association represent the industry’s best guess at how fast the airlines will recover. They assume a gradual lifting of travel bans after the first wave of infections recedes.
As an encouragement, they cite “some signs of a turning point in the Chinese domestic market already.”
In North America they see a recovery to 75 percent of the normal number of flights in the third quarter of this year and predict that traffic will be back to 90 percent of pre-virus levels by the end of this year.
IATA says the stimulus package will help to lead to a “strong recovery” in 2021.
The good news for American travelers is that, whatever the worldwide picture, our airline industry has been recognized for what it really is, an essential public utility that had to be saved.