The McKinsey week in Charts

Airline values in a tailspin

Even before COVID-19, airlines outside North America struggled with losses. Between 2012 and 2019, airlines were bleeding USD 17 billion in economic profit per year. In 2020, as the pandemic affected air travel demand, airlines lost USD 168 billion, setting the aviation subsector back roughly 16 years. North America was not spared in 2020, either, registering USD 63 billion in losses.

 

To read the article, see “Taking stock of the pandemic’s impact on global aviation,” March 31, 2022.

 

The cost of dining out

Whether you’re eating in or dining out, food prices are on the rise. But compared with the cost of groceries, the cost of food-away-from-home (which includes meals at restaurants, catered events, and other venues) has increased significantly. The current round of prolonged inflation has caused prices for finished food products and consumer prices to rise at an unprecedented rate.

 

To read the article, see “Revenue growth management: Unlocking value in foodservice,” March 29, 2022.

 

With patients come great rewards

Patient-centric healthcare models are meant to be convenient, transparent, and personalised—and they often lead to more satisfied consumers. According to our recent survey, satisfied patients who use patient-centric models are 28 % less likely than those who don’t to switch providers and are five to six times more likely to use other services from that provider.

To read the article, see “The next frontier of care delivery in healthcare,” March 24, 2022.

 

Lost time

The pandemic has disrupted student learning, with meaningful disparities across and within regions. Students in South Asia, Latin America, and the Caribbean, for example, may be more than a year behind, whereas students in North America and Europe might be an average of four months behind. Our article explores how school systems can respond.

To read the article, see “How COVID-19 caused a global learning crisis,” April 4, 2022.

 

Growth spurt

Embedded systems—the combination of software and electrical components—are becoming more integral than ever to the automotive industry. Already a multibillion-dollar market, automotive embedded software expects growth rates of roughly 9 percent until 2030. Advanced driver-assistance systems (ADAS) and automated driving (AD) are dependent on these systems, which will only increase their popularity in the coming years.

To read the article, see “Cracking the complexity code in embedded systems development,” March 25, 2022.

 

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