The COVID-19 epidemic is a bit like a hurricane. Let’s get through it together.  

Takeaways + Tactics 

• Hurricanes are scary, but they do pass and life will return to normal. 

• Focusing on one metric or putting your eggs in one basket is never a good thing. 

• Airlines are parking airplanes and doing limited maintenance of Safety of Flight only. But it will get better.

• When the airlines do return, they will rebalance on the back of cheap oil and very efficient airplanes. The MAX, A220 and A320-NEO are solid and efficient.

• This is a good time to polish up on skills, reading and brushing up our resume so we can hit the ground running when things return to normal.