Riccardo Boin, Alex Cosmas, Alex Dichter and Nina Wittkamp – McKinsey & Company The scale of the current crisis in airlines is unprecedented. To recover, the industry will need better data on where and when demand is likely to rebound. In the United States, airline capacity drops are seven to 17 times larger than those during…
1.4 billion people travelled internationally in 2019, but in view of COVID, a safer travel experience is now paramount to once again attract travellers and to rekindle the romance that travel used to inspire. Now is clearly a moment of crisis for the travel industry. Available seat miles on US airlines were down 71 percent…
The dream of using new technologies to rise above the ever-increasing urban-road congestion has gained significant momentum. Many businesses are planning to build, operate, or manufacture urban-air-mobility (UAM) vehicles. These vehicles could eventually reach price points rivaling today’s taxi services and will be energy efficient, quiet, environmentally friendly, and eventually pilotless. But as this article explores to…
The desire to build memories, to connect with people, and to see new places drove 1.4 billion of us to travel internationally in 2019. Creating safer travel experiences is now paramount to protect this privilege. Now is clearly a moment of crisis for the travel industry. Available seat miles on US airlines were down 71 percent…
Countries and regions around the globe are gradually moving past the peak of the pandemic. With China’s COVID-19 lockdown over, travel is beginning to restart. Businesses remain cautious, but almost all offices, factories, schools, and retail outlets have reopened. A recent survey conducted by McKinsey showed that the first thing people want to spend money…
With Pakistan being the fifth most populous country in the world, COVID-19 cases have risen beyond 91,000 cases as of June 5. Since the country’s lockdown order from the provincial government in March, they have since exerted a mix of pandemic denialism and exceptionalism, hurtling toward a more open Sweden-like approach to the virus. The…
Based on a survey of 1,600 Chinese travellers, this article originally published by Mckinsey & Company, shows how their travel patterns may change in the near term. The global travel sector has taken a catastrophic hit as a result of the COVID-19 pandemic, which continues to keep most of the world in lockdown, and away from…
This article by Hillary Leung, was originally published in Time in its Coronavirus Brief As the world struggles to reopen and establish a new post-coronavirus normal, global travel is likely to be the last activity to go back to business as usual. Every country and territory in the world has imposed travel restrictions of some…