European airlines are willing to restart operations and generate income again amid the Covid-19 pandemic which has ravaged global economies and the travel industry. The global aviation segment now depends upon the vaccine rollout.
However, the current global scenario is volatile with new variants of the virus being discovered. Europe is considered one of the hotbeds for the pandemic with the UK, Germany and Italy recording the majority of the cases in the continent.
It is reported that the outlook for a summer rebound is gloomy and the current situation is expected to hamper the global demand throughout and beyond. Furthermore, the global bookings have risen until December last year has since dropped sharply due to the new virus strains found in the UK and South Africa.
The government of various economies is being cautious about a fast return to flying after nearly a year of the pandemic that has been jeopardising rebound plans. New projections indicate that restrictions are likely to persist for many more months.
Cirium senior consultant Max Kingsley-Jones, has told the media, “Things can change very quickly with the disease, as we have seen. It is very unclear when lockdowns will lift enough for people to start flying internationally again.”
In light of the current scenario, the growth journey of budget European airlines such as Ryanair and Wizz Air is mired with uncertainty and volatility, preventing them to enter new markets. These airlines always hope for a rebound.