Covid-19 TMC Restructuring

Post Covid-19 Travel Management Companies Restructuring

The onslaught of Covid-19 has been relentless. Air Travel has taken its mightiest blow ever in the history of post war Civil Aviation. It created an almost complete lockdown for the Industry in terms of International Travel. The good news is that all of these effects will peak, and eventually when they find the vaccine, disappear. The blow the phenomenon has dealt the Industry and many other businesses around the world, has no parallel. It has already changed the Business completely. Even as Airline heads are looking at a revival on their drawing boards, we know that Covid-19 has changed the face of travel forever.

As Airlines, orchestrate the relaunching of services, Travel Management Companies (TMC), are reviewing everything from staffing upwards. They are studying their operating costs. What will resurface from the depths of the disaster will be a different, more efficient and cohesive Industry.

Covid-19 And Air Travel

The Airline industry has been one of the worst hit by the Coronavirus pandemic. It will be several years before airlines around the world recover from the damage. The International Air Transport Association (IATA), estimates lost revenue for 2020 will be 314 Billion US dollars. IATA also estimates that 4.5 Million flights will be cancelled by June 30, 2020. Never before has the Industry been hit so badly by a pandemic virus.

In the recent weeks a lot has been written in the Press, discussed on TV and over the airwaves, about the impact the deadly disease will have on the Airline Industry and its consequences. It may well change the entire face of air travel for ever. Many doomsday specialists tell us air travel will never be the same again.