Black swans are starting to look like pigeons in the park. For airlines, the exceptional is becoming routine – and increasingly expensive.
Black swan events are rare and unpredictable occurrences that can significantly impact airlines, like natural disasters or pandemics.
Airlines employ crisis management strategies, including contingency planning, communication protocols, and resource allocation to handle concurrent crises.
Crisis situations can lead to increased operational costs, loss of revenue, and long-term financial instability for airlines.
Many airlines are enhancing their crisis response strategies and resilience planning to better handle the frequency of multiple crises.