Quick Links The ebb & flow of it all Delta dominates Midwestern airline making a name for itself While the COVID-19 pandemic has subsided, it undoubtedly wreaked havoc in the aviation industry. As airlines around the world grounded their planes and significantly pulled back operations, another aspect also plummeted: their profits . Since fewer travelers were flying, less money was being generated.
As such, a handful of carriers experienced serious financial concerns – some filing for bankruptcy, while others unfortunately ceased operations for good. Even though the majority of airlines were able to stay afloat, it took a longer period of time to return profits to a satisfactory level. Although demand surged all at once when pandemic restrictions eased in the US, many carriers could not accommodate it due to poor staffing levels.
In the last two years, airlines have boosted their workforce numbers and have gradually reinstated their operations to what was seen pre-pandemic. With that, profits began to improve as well. The ebb & flow of it all As the aviation industry is a never-ending market of fluidity, it is common for carriers to experience financial successes and challenges.
As profits ebb and flow, airlines may be persuaded to either launch new routes or cut service. Ultra-low-cost carrier Spirit Airlines has made drastic changes to its route network due to alleged financial trouble . Following the carrier’s failed merger attempt with JetBlue Airways , the spotlight h.
