The dilemmas of the airline industry...

Brilliant and detailed assessment of the challenges ahead. However it totally seems to exclude the 'personal planes' scenario.

http://www.tnr.com/article/environment-energy/the-end-aviation

Boeing and Airbus in a tail-spin as the allure of personal planes hits air travel

Dateline: 16 July 2020

As the holiday season gets into full swing, some of the major air hubs in Europe and the USA are comfortably quiet. Chicago, Atlanta, Amsterdam and London's major airports are reporting the lowest passenger numbers for a decade. “We're back to the passenger numbers of the late 1990s”, said British Airports Authority CEO, Mark Savage, speaking from Heathrow airport. As the passenger numbers ...