Originally Posted by
Flying Clog
I agree. About 50% I would say, in about a year or two. And maybe remain at 50% levels (of 2019) for another 10-15 years.
Maybe in 2030 we'll be back to the heady days of 2019 travelling numbers...
Absolutely devastating.
What on earth are you basing your numbers on? Post 2008 the markets went on the longest bull run in history. This pandemic has been a black swan event for the world economy because we were woefully underprepared for it, however just like the crash of 2008 this too will pass.
I certainly don't have the answers but I am certainly more optimistic of a medium term recovery, trying to predict 15 years out from now is insanity. The vacuum created by the airlines that have gone bust will be filled by new airlines or expanding surviving airlines.
The only thing that is certain is that the sh1t well and truly hit the fan this time, the next 2-5 years no one really knows.