THE END OF LOW COST TRAVEL

After the crisis ends, air fares will inevitably return to the high levels of many years ago. It is definite that after the crisis passes, the global civil aviation industry will be completely different from what it has been up until now.

Even if not many airlines go under, most of the survivors will be in desperate straits, and the competition laws will therefore also be changed. Companies like Ryanair will not be able to continue selling tickets at low price.

It will take the civil aviation industry many months after the virus passes to recover, and some believe that recovery will take 2 years. The battered airlines will not resume their full schedules and timetables. Their staff will be smaller (following mass layoffs), and the resumption of their activity will be gradual and hesitant. The civil aviation sector, which was prosperous before the crisis, will revert to what it was many years ago, both in the size of companies and the extent of passenger traffic.

The increase in the frequency of leisure flights will come to a stop with the loss of disposable income among the public, which has been put on unpaid leave at best and fired at worst, and which will also have to rebuild their household economies.  The business sector will also have to recover. Business passengers have already discovered the option of holding work meetings with overseas colleagues by screen. Companies will also have to recover from the crisis, and will undoubtedly cut back on travel by employees. Civil aviation will face pressure from every direction.

Largest European Low-Cost Airlines and Passengers in 2019

• Ryanair (146 million)
• Easyjet (96.1 million)
• Wizz Air (39.8 million)
• Eurowings (38.3 million)
• Norwegian (36 million)
• Jet2 (14.39 million)
• Vueling (12 million)
• Transavia (9.2 million)
• Volotea (8 millio)