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Airlines have experienced at least 3 “black swan” events in the last 2 decades (more if you wanna count extreme oil price increases). Sure, they couldn’t have
by addicted 7y ago
Airlines have experienced at least 3 “black swan” events in the last 2 decades (more if you wanna count extreme oil price increases).
Sure, they couldn’t have predicted this particular black swan event (although the idea that a pandemic couldn’t be resisted is kinda ridiculous considering people have been predicting one for long enough, to the point the previous US administration had set up a ton of infrastructure to prepare and plan for such a situation). But at this point it’s obvious airlines are gonna be affected by some black swan event or the other every 10 years or so.
- flyinglizard 7y agoWhich event came close to this? 9/11 lasted days. The 2008 recession? Sure people slowed down their flights but it was not a complete closure. The stocks took a massive hit, but flights continued. Judging by what's happening around the world, we are going to see flight volume dropping by 90%, for months.
- petre 7y agoThe Eyjafjallajökull volcano in Iceland. Two weeks of air disruptions. https://en.m.wikipedia.org/wiki/2010_eruptions_of_Eyjafjallajökull https://en.m.wikipedia.org/wiki/2010_eruptions_of_Eyjafjalla... The current crisis is going to be worse. I'd say one month bare minimum. We have a flight scheduled a month from now, probably getting cancelled. Ryanair has currently grounded its fleet.