Aviation is going to be the last thing to recover so this is unsurprising. I could easily see it being years before new aircraft are ordered as there are just so many parked right now.
An Aircraft's lifetime is mostly determined by how often it starts, because of the stress of going to low-pressure high-altitude and back. All these aircraft not flying will seriously cut the rate of new orders even in the months after airlines recovered.
In some ways, this may have taken some pressure off them, and given them some time to catch up, though it seems likely this recession will just hurt Boeing less than Airbus (as the latter was in a better sales position going in).
I unfortunately think that flights are likely to end up at a more expensive equilibrium. There’ll be a lot less pressure to cut costs and a bit more pressure to improve the experience, now that all the lifestyles revolving around regular air travel have been disrupted.
Even cheaper?! If anything I think prices should be tripled. It's ridiculous how cheap it is to fly nowadays. Often cheaper than way more environmentally friendly ways of travelling.
You get low ticket prices when the air is full of big efficient planes, consistently full of passengers, being used around the clock, in competition with many other airlines.
We should expect an increase in ticket prices over the coming years.
No they wouldn't as the only people who are flying are going to be those who need to fly, not those who decided to hop down to Mexico for a week as it was cheap.
For the short term they are definitely cheaper, the airlines are desperate to get people back in the habit of flying. My son is going to a camp halfway across the country later this summer, and their original plan was to take a train. After checking the plane fares a couple of weeks ago they changed their mind and are going to fly.
