one thing about it: the airplanes, airports and pilots aren’t going away; what has really been lost is shareholder equity and bondholder debt ... when the need arises, brand new airline companies will arise from the ashes ...
Well, sort of.
Airlines are reducing fleets, cutting less profitable (or unprofitable routes), offering pilots early retirement or early outs, downgrading some captains back to first officer, and the pilot's are furiously trying to estimate how many thousand will be furloughed when the CARES money runs out.
The "new normal" - won't be.