US airlines face end of business travel as they knew it
US 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 VP 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.” At stake is the most lucrative part of the airline industry, driven by businesses that accepted -- however grudgingly -- the need to plop down a few thousand dollars for a last-minute ticket across the US or over an ocean. While millions of customers fly rarely, road warriors are constantly in the air to close a deal, depose a witness or impress a client. Business travel makes up 60% to 70% of industry sales, according to estimates by the trade group Airlines for America. That’s under threat in the wake of an unprecedented collapse in passengers that started four months ago. Half the respondents in a survey of Fortune 500 CEOs said trips at their companies would never return to what they were before Covid-19, according to Fortune magazine.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-07-21/general/us-airlines-face-end-of-business-travel-as-they-knew-it
https://portal.staralliance.com/cms/logo.png
US airlines face end of business travel as they knew it
US 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 VP 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.” At stake is the most lucrative part of the airline industry, driven by businesses that accepted -- however grudgingly -- the need to plop down a few thousand dollars for a last-minute ticket across the US or over an ocean. While millions of customers fly rarely, road warriors are constantly in the air to close a deal, depose a witness or impress a client. Business travel makes up 60% to 70% of industry sales, according to estimates by the trade group Airlines for America. That’s under threat in the wake of an unprecedented collapse in passengers that started four months ago. Half the respondents in a survey of Fortune 500 CEOs said trips at their companies would never return to what they were before Covid-19, according to Fortune magazine.<br/>
