(10-06-2020, 09:09 AM)harm_less Wrote:IDK, thats not going to help the airline industry much.(09-06-2020, 08:14 PM)nzoomed Wrote: I think it will given enough time, will probably take a good 24 months.IATA are predicting a five year wait for air travel to get back to normal and the price of international travel is likely to be much higher that pre-COVID levels as airlines move to regain the substantial costs they have suffered in the moth-balling and recommissioning of their fleets. There will also be fewer airlines operating so competition will be limited. https://www.rnz.co.nz/national/programme...years-iata
Likely airlines will give good deals and the tourism industry that has been ripping Kiwis off due to getting away with exorbitant fees from tourists will have to adapt and offer better deals to bring back business.
The days of flying across the world for a couple of thousand dollars are now history IMO and tourism will be a very different beast when/if it restarts.
On the flipside, oil prices are record low and they are paying to make people take it away as they have no storage.
Those costs should be passed down to consumers.
If airlines want to make profit, they need to fill up their planes fast.
This also means that hotels will likely need to lower their fees as an incentive to get tourists to come back, that way it may offset the cost on going on an overseas trip.