You’ll know the airline industry is healthy again when we start to see really low fares. There are good deals around right now, but few great deals.
Low fares will signal that it’s possible to encourage people to travel again with good deals. High fares suggest discretionary travelers are still staying away.
So while in normal times, with planes full, airlines prefer high fares – in the COVID-era we need to see low fares before predicting an airline recovery.