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What you need to know:The Future of Travel in the Covid-19 Era
A fleet of aircraft parked in the desert at the Asia Pacific Aircraft Storage Facility in Alice Springs, Australia, has become an evocative symbol of the pandemic’s impact on the global aviation industry.

A fleet of aircraft parked in the desert at the Asia Pacific Aircraft Storage Facility in Alice Springs, Australia, has become an evocative symbol of the pandemic’s impact on the global aviation industry.

Photographer: David Gray/Bloomberg
Business
The Big Take

‘Forever Changed’: CEOs Are Dooming Business Travel — Maybe for Good

A Bloomberg survey of 45 large companies in the U.S., Europe and Asia shows that 84% plan to spend less on travel post-pandemic.

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Business travel as we’ve known it is a thing of the past. From Pfizer Inc., Michelin and LG Electronics Inc. to HSBC Holdings Plc, Hershey Co., Invesco Ltd. and Deutsche Bank AG, businesses around the world are signaling that innovative new communications tools are making many pre-pandemic-era trips history. 

Take Akzo Nobel NV, Europe’s biggest paint maker, for instance. At its Amsterdam headquarters, Chief Executive Officer Thierry Vanlancker has spent the past year watching his manufacturing head, David Prinselaar, flap his arms, madly gesticulate and seemingly talk to himself while “visiting” 124 plants by directing staff with high-definition augmented-reality headgear on factory floors. A task that meant crisscrossing the globe in a plane before is now done in a fraction of the time — and with no jet lag. For Vanlancker, there’s no going back.

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