Post Covid-19 Travel Management Companies Restructuring

23 July 2020Mano Chandra DhasCOVID-19, Air Transportation, Air Travel, Corporate Travel ManagementBusiness Travel, Coronavirus, Covid-19, Restructuring, Restructuring Efficiencies For Profits, Travel Management Company35 Comments

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. Post Covid-19 challenges will impact Travel Management Companies.

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.