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Abstract:On airplanes, it's hard enough to keep from bumping knees with the person in the next seat — let alone follow social-distancing guidelines.
Airlines have drastically slashed flights as travelers heed government warnings to stay home to slow the spread of coronavirus.To entice them back when it's deemed safe for non-essential air travel to resume, one analyst suggested carriers leave middle seats empty in a modest attempt at social distancing.The US government in March passed a $2 trillion economic relief package, with more than $29 billion in grants for embattled air carriers.Visit Business Insider's homepage for more stories.
On airplanes, it's hard enough to keep from bumping knees with the person in the next seat — let alone follow the Centers for Disease Control's guidelines for social distancing during the coronavirus pandemic, which are to stay at least six feet away from others.But to maintain more distance in the usually cramped modern coach cabins, one Wall Street analyst has an idea most passengers would likely be in full support of: removing the middle seats. “We could possibly have an onboard experience where, on a six-seat row in economy class on a plane, they're required to keep the middle seat empty for some modest social distancing,” Stephen Trent, an analyst at Citigroup, told CNBC on in March.It wouldn't be the CDC's recommended six feet of space, but it's a start. Rubbing elbows in economy, after all, is the opposite of social distancing, and the extra precautions could help airlines bolster decimated routes that have seen industry capacity slashed in recent weeks amid the spread of the coronavirus — which has, as of this publishing, infected more than 205,000 people worldwide and killed more than 8,200.In the US, there have been more than 206,000 confirmed cases of coronavirus as of April 1, according to Johns Hopkins University.
Airlines, meanwhile, have seen their market values plunge. An exchange-traded fund that tracks aviation stocks is down more than 50% since January 1, as demand for air travel takes a hit similar to the one after 9/11. That's even with $29 billion in federal bailouts headed to embattled carriers.“One should not expect to capacity to just snap back to where it was in January,” Trent said. “That's not going to happen.”The other thing that's probably unlikely to happen is all routes being available. If this is widespread, it will take a while to recover. If is this isolated and there are couple of hot zones where there is no flying, that would mean the non hot zones have limited capacity.“”It's going to take months to get back to normal, Trent said.Wall Street analysts have a history of coming up with novel ideas for carriers. Assigned seats on Southwest, for example, are one way they've suggested the airline could add ancillary revenue. That has happened yet. And even if Trent's middle-seat recommendation doesn't get a lot of traction, it's a nice future to think about.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
"This reversal of economic fortune has caused a level of pain that is hard to capture in words," said Fed Chair Jerome Powell.
Bill Gates warned Donald Trump before he took office of the dangers of a pandemic — and urged him to prioritize the US' preparedness efforts.
"If the current rate of decline continues, claims will dip below 1M in the second or—more likely—third week of June," said economist Ian Shepherdson.
"While the economic response has been both timely and appropriately large, it may not be the final chapter," Powell said.