COVID-19 is the biggest and longest shock to hit aviation

https://www.iata.org/en/iata-repository/publications/economic-reports/airline-industry-economic-performance---october-2021---presentation/

Vertical: 5 People Aircraft Economics

https://vertical-aerospace.com/wp-content/uploads/2021/07/Vertical_Investor-Deck_090721.pdf

Covid-19 variants are new source of uncertainty

https://www.iata.org/en/iata-repository/pressroom/presentations/latest-travel-trends-at-global-media-days-july-2021/

Inbound tourism in Italy will not recover until 2025

https://www.mckinsey.de/~/media/mckinsey/locations/europe%20and%20middle%20east/deutschland/news/presse/2021/2021-07-01%20tourismus%20recovery/mckinsey%20-%20europe%20travel%20recovery%20data.pdf

As of spring 2021, US occupancy has reached ~65% of pre-COVID levels

https://hglwvd.info/~/media/mckinsey/industries/travel%20logistics%20and%20infrastructure/our%20insights/the%20path%20to%20recovery%20for%20us%20hospitality/us-hospitality-recovery?shouldIndex=false

737 MAX Tracking

https://advisor.morganstanley.com/the-navigation-group/documents/field/n/na/navigation-group/MSNA20210517471756.pdf

Demand shocks do not usually have long-lasting impacts

https://www.iata.org/en/iata-repository/publications/economic-reports/an-almost-full-recovery-of-air-travel-in-prospect/

Travel & Tourism websites globally lost ~40% of their traffic in 2020

https://webunwto.s3.eu-west-1.amazonaws.com/s3fs-public/2021-02/Google_PPT.pdf?Cx6LxyPVO6j5rgvwukZf5qy8ixbw.G8y

Step Change Beyond Existing Helicopter Technology

https://d1io3yog0oux5.cloudfront.net/_dcbc6a0f9bffdc1c066caee0280e043f/reinventtechnologypartnersa/db/1153/10255/presentation/Commercializing+Aerial+Ridesharing+-+Joby+and+Reinvent+-+02.24.2021.pdf

We Are Unlikely to See a Return to 2019 Passenger Volumes Before 2023-2024

https://www.airlines.org/wp-content/uploads/2020/03/A4A-COVID-Impact-Updates-57.pdf

2020 Lodging Primer

https://www.newmoney.gr/wp-content/uploads/2021/01/GS-Hotels-Primer.pdf

2020 Aircraft Deliveries may drop almost 50 Percent

https://www.oliverwyman.com/content/dam/oliver-wyman/v2/publications/2020/sep/mro-asia-pacific-virtual.pdf

Progressive decline in number of completely closed destinations

https://webunwto.s3.eu-west-1.amazonaws.com/s3fs-public/2020-12/2020_Year_in_Review_0.pdf

The Urban Air Mobility Opportunity

https://www.houstontx.gov/council/committees/econdev/20201119/Future-of-Aviation.pdf

International Global Airfreight - Annual Growth

https://www.atlasairworldwide.com/wp-content/uploads/2020/11/AAWW-November-2020-Investor-Slides-11-10-20.pdf