Coronavirus Won’t Kill Leisure Or Business Travel, But It Will Change It Significantly, Perhaps Forever [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Forbes
While major U.S. airlines and the Treasury Department haggled ferociously in recent days over how much of the taxpayers’ money will be given to the carriers vs. how much would be loaned to them instead, no one doubts that demand for air travel, now down by as much as 95% percent from a year ago, will come back once the COVID-19 threat subsides.The real questions, therefore, are:The answers are all interlaced because all the factors that figure into the formation of demand – price, capacity, and the perceived value of the various aspects of the travel experience -are all highly variable as well as intricately intertwined and interdependent. But one thing, though is for sure. demand will return.The crowds at airports, like this group of Thanksgiving holiday fliers lined up to go through... [+]security screening at Ronald Reagan National airport, eventually will return. But some things about the travel experience and the travel business will be forever changed. (Andrew Harrer/Bloomberg)
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