The Logistician
  • Tiếng ViệtTiếng Việt
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Login
  • Register
No Result
View All Result
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Tiếng ViệtTiếng Việt
  • Login
  • Register
No Result
View All Result
The Logistician
No Result
View All Result

Airline Industry Will Be Smaller After Crisis

The airline industry has been crippled by the pandemic, which continues to leave many aircraft around the world grounded or flying near-empty as demand limps towards a recovery.

edt292 by edt292
28/05/2021
in Blog
Airline Industry Will Be Smaller After Crisis

Image: Nhi Pham

The head of global airline body IATA expects the industry to emerge from the coronavirus crisis smaller and more cautious, doubting airlines will try to expand through acquisitions.

The airline industry has been crippled by the pandemic, which continues to leave many aircraft around the world grounded or flying near-empty as demand limps towards a recovery.

“It will be a smaller industry. We are not going to recover all the capacity,” International Air Transport Association (IATA) Director General Willie Walsh said in a pre-recorded online interview broadcast on Monday. He cited the swathes of aircraft retired and employees laid off or placed on furlough.

Mr. Willie Walsh, International Air Transport Association (IATA) Director General (Source: Google)

“It will be a more cautious industry. I don’t expect to see M&A (merger and acquisition) activity, principally because people will be guarded about the cash they have.”

Walsh, the former chief executive of British Airways owner IAG (ICAG.L), said that spending “valuable cash resources” would be “too risky” but he believes there will be consolidation through airlines shrinking their operations and some failing.

“It’s going to take airlines time to repair their balance sheets,” he said.

IATA has forecast global travel demand to return to 2019, pre-pandemic levels in 2024.

While those airlines that survive would fill the gaps left by those that fail, they would have to be careful how quickly they rebuild, Walsh said, urging caution.

“Airlines are not going to be able to take the risk of operating unprofitable routes in the short term,” he told aviation consultant John Strickland.

However, Walsh does not believe the crisis has undermined airline business models such as those for regional or low-cost carriers among others.

“Nothing has changed the competitive nature of this industry,” he said.

Minh Duc

Source: Reuters
Tags: airlinescrisisIATA

Related Posts

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

01/07/2022
0
Private: TP Hồ Chí Minh xem xét chuyển đổi mục đích sử dụng một số khu công nghiệp sang logistics

Ho Chi Minh City considers converting some industrial parks into logistics

29/06/2022
0
Image: Thu Trang

DB Schenker’s agreement to acquire USA Truck

28/06/2022
0
Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

22/06/2022
0
FedEx invests in FourKites to build intelligent supply chain platform

FedEx invests in FourKites to build intelligent supply chain platform

22/06/2022
0
LG Electronics “shake hand” with CJ Logistics to develop logistics robots

LG Electronics “shake hand” with CJ Logistics to develop logistics robots

19/06/2022
0

ĐỀ XUẤT NÊN ĐỌC

DHL bắt đầu xây dựng cơ sở hạ tầng tại sân bay Munich

DHL starts construction of Munich airport facility

3 years ago
0
Tiki được rót 20 triệu USD từ nhà mạng lớn thứ hai Đài Loan

Tiki was poured 20 million USD from Taiwan’s second largest network operator

2 years ago
0
Nghịch lý: Thiếu container chuyển hàng trong khi hơn 6600 container nằm “đắp chiếu” tại cảng

Paradox: Lack of shipping containers while more than 6600 containers are “covered” at the port

2 years ago
0
Thời điểm chín muồi để xây dựng hệ sinh thái phân phối Vaccine

The time is now for a vaccine distribution ecosystem

2 years ago
0
ADVERTISEMENT

THẺ NỔI BẬT

ACQUISITIONaircraftairlinesamazonAppleblockchainBoeingchinaCMA CGMcontainerContainer shortageCovid-19covid19crisisDHLe-commerceEVFTAexportfedexgoodsinfrastructureInvestmentLNGlogisticsLogistics centerM&Amaerskportport congestionRAILWAYRussiaRussia-Ukraineseasupply chainSupply chain disruptiontechnologyTHAIThai AirwaysthailandtransportusvietnamVietnam AirlineswalmartWarehouse
ADVERTISEMENT

TIN TỨC PHỔ BIẾN

  • Uniqlo Supply Chain Management

    Uniqlo Supply Chain Management

    0 shares
    Share 0 Tweet 0
  • Certificates that advance your career in Logistics and supply chain management

    0 shares
    Share 0 Tweet 0
  • Cross-docking: The key to Walmart’s great success

    0 shares
    Share 0 Tweet 0
  • How Aviation Fuel Differs From Regular Fuel

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube RSS
The Logistician

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

  • Login
  • Sign Up
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
  • Tiếng ViệtTiếng Việt

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

-
00:00
00:00

Danh sách

Update Required Flash plugin
-
00:00
00:00