Formula of success, Aviation era after the pandemic

A group of 10 brilliant ardent students studying Aviation Economics lectured by Airlines Economics Expert Rene Zambile and professor at the Institute of Hotel Management and Tourism at Bethlehem University, came out with the following ideas to be passed over to IATA through Mr. Mohammad Apesh Senior Staff at the International Air Transport Association (IATA) training department, taking into consideration that IATA is the mother home of the airline industry.

The ideas prescribed serve as new fresh vision to help the airline empire industry back to normal after the pandemic coronavirus, COVID-19.  The group provided 16 prescriptions for the airline companies, some of which have already been implemented.

Fuel hedging is one of the prescriptions, in which airline companies purchase fuel now at low cost and store it in order to lower its expenses when the flights return to normal.  The students and their professor also suggested that airline companies should implement the lease-back method.  They sell some of their fleet and keep using them by leasing them, so they make use of cash received from selling the airplanes.

Other ideas included how to refund the customers who have unused tickets.  They advise to keep them on hold and reschedule their flights for after the pandemic is over.

The prescriptions also include an advice of a merger to lower costs and be able to shorten the flying distance of the airplane, as the partner can complete the trip.

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