ISTAT Jetrader - Autumn 2020 - 27

manufacturing businesses have started
to return to work in the past few weeks,
other parts of Asia also began to unlock
and restore essential services. Japan,
South Korea, Taiwan, Vietnam and India
have restarted domestic airline activity.
Unfortunately, the recent recurrence
of a COVID cluster in Beijing, as well
as flare-ups in several other countries,
is a reminder that even this modest
progress may falter. Any expansion to
include regional flights will inevitably
take more time and, in Asia, will
happen on a country-to-country basis
as nations begin to open their borders
bilaterally. Long-haul travel seems
a long way off. But a similar pattern
will develop in other regions as the
pandemic runs its course and the risk
of further contagion diminishes to an
acceptable level. More governments
are now starting to realize that there is
no perfect outcome that protects both
health and the economy.

And, increasingly, the pressure
of deep economic recession, record
unemployment, burgeoning national
debt and a steeply rising business
failure rate will force a pattern of
reopening that may be faster than the
health experts would deem prudent.
And, unfortunately, it's also unlikely
to be of a stop-start nature. Similarly,
air travel will be restored gradually,
probably haltingly, and on a rolling
basis, starting with domestic markets,
and within discrete regions, where the
necessary rules and regulations can
be set and agreed within one body of
government. Interregional travel will
come later, with full-blown long-haul
intercontinental flights much further
down the line, and again subject
to bilateral government approvals.
With most of the globe still closed to
international travel and tourism in the
Northern Hemisphere summer already
underway, it's looking increasingly

likely that there will be a widespread
abandonment of vacation plans that
involve overseas travel. Instead,
staycations will provide a welcome
boost to domestic results, although
locals may not be as welcoming as
usual. And all of these impediments
and setbacks mean that airlines will
have to take a cautious approach to
adding capacity back. It is inevitable
that network restoration will move
ahead faster than traffic will return, and
perhaps by some margin, but airlines
would also be keen to keep operating
losses to a minimum while at the
same time offering deeply discounted
fares to stimulate and encourage
demand. There will inevitably be a fine
balance between offering a network
density that offers commitment and
confidence - the "Hey, look, we're
back!" messageĀ - and running too far
ahead of demand, precipitating another
liquidity crisis. The task is complicated,

Jetrader

* AUTUMN 2020 * 2 7



ISTAT Jetrader - Autumn 2020

Table of Contents for the Digital Edition of ISTAT Jetrader - Autumn 2020

ISTAT Jetrader - Autumn 2020 - Intro
ISTAT Jetrader - Autumn 2020 - Cover1
ISTAT Jetrader - Autumn 2020 - Cover2
ISTAT Jetrader - Autumn 2020 - 1
ISTAT Jetrader - Autumn 2020 - 2
ISTAT Jetrader - Autumn 2020 - 3
ISTAT Jetrader - Autumn 2020 - 4
ISTAT Jetrader - Autumn 2020 - 5
ISTAT Jetrader - Autumn 2020 - 6
ISTAT Jetrader - Autumn 2020 - 7
ISTAT Jetrader - Autumn 2020 - 8
ISTAT Jetrader - Autumn 2020 - 9
ISTAT Jetrader - Autumn 2020 - 10
ISTAT Jetrader - Autumn 2020 - 11
ISTAT Jetrader - Autumn 2020 - 12
ISTAT Jetrader - Autumn 2020 - 13
ISTAT Jetrader - Autumn 2020 - 14
ISTAT Jetrader - Autumn 2020 - 15
ISTAT Jetrader - Autumn 2020 - 16
ISTAT Jetrader - Autumn 2020 - 17
ISTAT Jetrader - Autumn 2020 - 18
ISTAT Jetrader - Autumn 2020 - 19
ISTAT Jetrader - Autumn 2020 - 20
ISTAT Jetrader - Autumn 2020 - 21
ISTAT Jetrader - Autumn 2020 - 22
ISTAT Jetrader - Autumn 2020 - 23
ISTAT Jetrader - Autumn 2020 - 24
ISTAT Jetrader - Autumn 2020 - 25
ISTAT Jetrader - Autumn 2020 - 26
ISTAT Jetrader - Autumn 2020 - 27
ISTAT Jetrader - Autumn 2020 - 28
ISTAT Jetrader - Autumn 2020 - 29
ISTAT Jetrader - Autumn 2020 - 30
ISTAT Jetrader - Autumn 2020 - 31
ISTAT Jetrader - Autumn 2020 - 32
ISTAT Jetrader - Autumn 2020 - 33
ISTAT Jetrader - Autumn 2020 - 34
ISTAT Jetrader - Autumn 2020 - 35
ISTAT Jetrader - Autumn 2020 - 36
ISTAT Jetrader - Autumn 2020 - 37
ISTAT Jetrader - Autumn 2020 - 38
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ISTAT Jetrader - Autumn 2020 - 40
ISTAT Jetrader - Autumn 2020 - 41
ISTAT Jetrader - Autumn 2020 - 42
ISTAT Jetrader - Autumn 2020 - 43
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ISTAT Jetrader - Autumn 2020 - 45
ISTAT Jetrader - Autumn 2020 - 46
ISTAT Jetrader - Autumn 2020 - 47
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ISTAT Jetrader - Autumn 2020 - 49
ISTAT Jetrader - Autumn 2020 - 50
ISTAT Jetrader - Autumn 2020 - 51
ISTAT Jetrader - Autumn 2020 - 52
ISTAT Jetrader - Autumn 2020 - Cover3
ISTAT Jetrader - Autumn 2020 - Cover4
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