Key takeaways for airlines

Any airline that is able to take advantage of this can control their overheads and be able to meet the additional costs will survive the next six months.

Airlines with healthy balance sheets will have an advantage. Those that have been running inefficiently even before the crisis will feel the brunt.

If airlines are able to bring down variable costs by scaling down their network, there may not be massive spike in air fares.

Airports need to rethink their strategy to ensure that airlines can survive, otherwise they don’t have business.