![]() ![]() That transition provides an opportunity to rebuild the industry for a low-carbon future, something that airlines have been grappling with for some time.Įven before the coronavirus pandemic began, the industry was facing the challenge of reducing its carbon emissions in line with international goals to reach net-zero emissions by 2050. In the longer term, aviation is likely to undergo structural changes with regard to demand and the degree of industry consolidation, along with unprecedented government support. The timing will depend on many factors outside the industry’s control. ![]() It is unclear how protracted the decline will be, though demand is likely to bottom out in 2020 before returning to pre-crisis levels several years from now. That means an industry with a predictably steady growth rate has suddenly shrunk to a fraction of its size. This year now represents the biggest retrenchment in the history of aviation, with airline capacity down roughly 75 percent as of early April. The airline industry is understandably focused on the coronavirus pandemic’s impact on growth, along with the health and livelihoods of its millions of workers. ![]()
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