Problem
I. Describe in some level of detail how the operating cost structures of any of the major airlines are impacted by COVID on their businesses? Specifically address course variable and fixed costs of an airline.
II. List several examples of fixed costs for an airline that cannot be avoided because of COVID?
III. Can you think of any examples of what type of business strategies an airline can employ to try to cover, at least in the meantime, some of these fixed costs until their businesses fully recover? Again, be specific and creative.