Global air traffic is projected to decline by at least half in 2020. Most airlines believe business won’t return to pre-pandemic levels until 2023, at the earliest. Even then, it will still feel like a depression for an industry that had expected to be as much as a fifth larger by that point. The financial consequences for large carriers and their employees will be wrenching — and those passengers who do start flying again will have to bear the costs. The drawn-out recovery will accentuate all the aspects of flying that travelers bemoan.
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