This is unprecedented territory for airlines. While recessions, war, and natural disasters have led to airlines grounding some or all of their fleets for relatively brief periods of time, nothing like Covid-19 has been seen in living memory on a global scale. Copa Holdings (CPA) has grounded its entire fleet, and it's hard to say what demand will look like for the remainder of 2020, but Copa has the wherewithal to survive this and emerge on the other side still capable of generating attractive, long-term results.
Obviously, there is tremendous uncertainty when it comes to