Airlines Invent Wild Ways to Make Money With Borders Closed
- Carriers are delivering food, selling pajamas and furniture
- World’s airlines are forecast to lose over $84 billion in 2020
Source: Qantas
This article is for subscribers only.
When it comes to raising money, nothing is off limits for airlines mired in their worst-ever crisis. From fresh vegetables to peanuts and pajamas, they’re selling almost anything to make it through the pandemic.
Even airlines that received government bailouts and slashed costs are looking for new revenue streams as they burn through cash while fleets are largely grounded and people stay at home. A recovery is expected to take years and cost carriers billions of dollars more.