Quoted from the following link.
https://www.stuff.co.nz/business/opi...rely-survivors
Winners and losers will be decided by their pre-pandemic financial strength, their ability to obtain any necessary additional funding, and the strategic position they adopt.
Qantas, British Airways, American Airlines, Cathay Pacific, and a number of others have dedicated teams looking at post-pandemic opportunities, and they are positioning themselves now to be able to move when appropriate.
The future will belong to the airlines that emerge with a regrowth game plan ready to be executed. That means keeping your specialist skills close, and having training and checking systems operating at maximum to ensure flight crew availability does not impede recovery.
Qantas and Air New Zealand seem to be setting different paths.
Time will tell who got it right.