The world is engaged in a vast and unprecedented experiment: what happens when you engage in a coordinated global shutdown of economic activity? Nothing like it has ever been done before. Anyone who claims to know how the post-virus recovery will play out is simply speculating.
But certain industries and companies have a better idea than others of how things will look this time next year when, hopefully, the virus is no longer a major threat.
Two weeks ago, Air New Zealand boss Greg Foran emailed staff to tell them, “clearly, we will be smaller for some time and we will need fewer staff,” and that “we expect that even in a year’s time we will be at least 30% smaller than we are today”.