Major Airlines Change Strategy, Charge Fees and Boost Profits, Business and Industry Trends Analysis

Major airlines around the world are reeling from the devastating effects of the Coronavirus pandemic.  Around the world, governments that could afford to provide emergency funds to their airlines, as a functioning airline industry is vital to the overall economy. The U.S. airline industry promptly received $25 billion in federal government funding, in exchange for a pledge to maintain a high level of operations and employment through September 30, 2020.  According to the International Air Transport Association (IATA), global airlines are expected to lose a collective $84 billion in 2020.  Airline passenger volumes dropped 95% in April 2020.  Airline companies…

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