- Wealth PMS
The aviation market which is among the worst-hit sector amidst the outbreak of Covid-19 continues to struggle with suppressed demand due to low consumer confidence and travel restrictions imposed by state governments, truncated size of operations, and little to no ancillary revenues, except for cargo operations.
Covid-19 became a pandemic because airline passengers carried the new coronavirus with them around the world. As that became clear, airlines grounded nearly entire fleets, travel restrictions, and mandatory quarantines were issued by governments, and tourist attractions and conferences closed down. With no reason to fly, a quick recovery for air . . .