The COVID-19 crisis and ensuing economic downturn has led to significant challenges in the global aerospace industry. Rapid reduction in demand driven by travel restrictions has airlines grappling with how to conduct business. In a recent article for The Air Current, Courtney Miller highlights an interesting development in the commercial aviation industry that has emerged in light of the pandemic.
While the early months of 2020 have proved challenging for some regional carriers, the crisis brought on by COVID-19 paradoxically has left the segment – particularly independent regional’s – in a position of relative strength.
Among other topics, Miller explores some of the near and medium-term potential impacts of COVID-19. This includes how airlines’ pursuit of the breadth of service through off-balance-sheet options might bring continued relative stability for independent regional’s.