Aircraft. Walsh (Iata): "Carriers will become smaller"
President believes in the competitiveness of the sector
Willie Walsh, number one of Iata (International Air Transport Association), released today, Monday May 24, 2021, a television interview in which he spoke, as was inevitable, of the air transport of the future (read also the article published by AVIONEWS). The manager was very clear in his speech, the body expects an exit of air carriers from the crisis triggered by the coronavirus pandemic with consequences that can be easily understood. In particular, Walsh spoke of companies that will become smaller or that will in any case seek to expand through ad hoc acquisitions. However, there does not seem to be any doubt about the recovery of the skills preceding the health emergency. The President also expects a much more cautious sector than in the past, especially as regards the management of funds. According to him, spending cash resources would be too risky in this historical period, to see the balance sheets repaired instead it will take a lot of patience. Iata's latest forecasts referred to 2024 as the most likely year for global travel demand to return to 2019 levels, when it was not yet known that there would be a global pandemic. Finally, Walsh added other interesting details about the future of the sector: “I do not think at all that the current crisis has undermined the business models of air carriers, not even regional or low-cost ones. The competitive nature of this sector has not changed”.
On the same topic, read also what published by AVIONEWS.
AVIONEWS - World Aeronautical Press Agency