Qatar Airways CEO Akbar al-Baker said today, Wednesday, that the aviation sector will be vulnerable if the current economic conditions continue.
Al-Baker was speaking at a conference in Doha organized by the International Air Transport Association (IATA).
For his part, IATA’s Director General, Willie Walsh, confirmed that high oil prices will be reversed in airline ticket prices.
He noted that airlines will not see a hydrogen plane until 2040 or 2050.
On the other hand, the Director General of IATA said that China’s “zero COVID” policy has made Hong Kong a global aviation hub.
The International Air Transport Association (IATA) had expected the aviation sector to return to profitability next year, amid pent-up demand for travel despite the conditions of the global economy.
The union said during its annual meeting in Doha last June that the total sector losses this year are likely to reach 9.7 billion dollars as air travel begins to recover from the Corona virus crisis, an improvement from the deficit of 11.6 billion dollars expected at the last October meeting.