In 2020, COVID-19 catastrophe had defied the aviation business and chaos had prevailed. There has been half a trillion-dollar stock collapse. Nonetheless, it is expected to see private travel advance essentially in late 2021 and most likely return to its “normal times”, hopefully as the glorious 2019.
Therefore, business will start to look better this year in spite of the imminent global economic predicament. There might be a high level of competition during 2021 between the private aviation business. Moreover, since there had been very little travel in the past year because of inconsistent travel limitations, the government indecisiveness around the subject, which ensued in cancelling flights, even sometimes at the last minute.
Travelers are now looking for a more “made-to-order” traveling experience and that is where we, private aviations, come in. We will probably see a 5% increase from 2020, but at least it is still progression.Accordingly, things are looking a bit brighter for 2021.
Here are 7 reasons why:
Learning to adapt amidst crisis
We ask ourselves, what will exactly delineate this year for the aviation industry? The pandemic has obviously deterred air travel in a historical manner. The most substantial lesson acquired over the past year in which private aviation providers must implement safer services. Both companies and passengers were equally blind-sided.
They did what the entire world is doing, engaging in the “new normal” lifestyle, thus flying was out of the question. Industries that will take these measures into serious deliberation will be able to proceed this year.
Over the past year, the private aviation business faced a myriad of obstacles and still is in 2021. Worldwide political depravity, an economic predicament, pandemic strain, and more. All of these factors affect the industry negatively. An increase in price of fuel, low demand, which drives the private aviation provider to increase its cost.
Even the companies that are the most experienced in the business are at loss as to what to do regarding such a situation-one that we’ve never suffered from before. Private aviation jets don’t just transport passengers. There is a high request for transportation of cargo, be it medical and so.
Hence, trying to persist in being resilient and volatile during 2021, and get to work by training staff for the new-normal tasks and responsibilities will help your aviation company be prepared for this year, and wish for the best for what’s yet to come.
Preparing to rise from the ashes
Hands down, this global crisis is a disaster. Nevertheless, we can’t just cross our hands and wait for it to end. In 2020, there has been a total net loss of $118.5 billion in the aviation industry; in 2021, this misfortune will be distinctly diminished by $80 billion.
It has been forecasted that by the fourth quarter of 2021, the borders will reinstate with no lockdown and people will be able to fly once more as they please. Therefore whatever needs to be done by each and every private aviation business should start right now.
Expecting growth in business
With all that being said, private aviation financials are bound to increase accordingly in 2021, in spite of the massive losses which, unfortunately, dominate. Assuming that borders will be open by mid-2021, more or less, and considering that the vaccine is the reason, private aviation airlines will still be in squander.
On a positive note, by the end of this year, substantial profit will boost up the situation. Passenger numbers are likely to immensely increase in 2021, to almost $2.8 billion, and that is one billion more passengers than in 2020.
Moreover, cargo is also an option in increasing massively; all this information regarding the alleged growth once again brings hope to aviation business owners, making them work double on improvements on all levels.
Enduring the blood, the sweat, and, the tears
Even though private aviation companies will witness a great improvement, as compared to last year, of course, there is still a long journey of sweat, blood, and tears.
Travelers are not presumed to recover to 2019 high levels-not until 2024 to say the least. In the long run, an unlimited opportunity of COVID-19 vaccinations will allow borders to stay open, without any constraint. Unfortunately, the vaccine agenda is undetermined.
Reducing flight prices
Some private jets rental companies are reducing their prices to entice passengers. Of course, they are taking all security measures, from sanitizers to temperature-checking, to masks and gloves, removing magazines from the jet, cleaning it before and after travel, and so forth. Thus, flight discounts are bestowed upon travelers in 2021.
A large number of businesses are reopening. True, employees are to work from home, but what about business owners who need to travel again. Not to mention how risky it is to travel via airplane, where you’re confined and cramped with people around you, but also it is not easy to be able to catch a plane to the location you need to go.
With a private aviation jet, businessmen can finish their trip and business deal in a single day. Of course, they can also go on a private jet, saving money.
What the world is going through is tough. People are struck with wanderlust and the thirst to fly, even if they weren’t big fans of travel before. The world seems to be closing up on our heads. However, private aviation is a glimmer of light in all that darkness. It seems promising for 2021, though not soon, but it will happen. When the time comes, don’t overthink it, just keep it plane and simple!