Qatar Air CEO Warns There May be ‘Nothing Left to Consolidate’ - Bloomberg:
Qatar Airways Chief Executive Officer Akbar Al Baker said many airlines will go bust as the coronavirus outbreak ravages demand for travel, limiting the scope for takeovers.
While the Gulf carrier is open to acting on any investment opportunities that present themselves, the pandemic is likely to lead to the immediate collapse of some operators, Al Baker said Thursday on Bloomberg Television.
“There will be nothing left for consolidation because a lot of airlines will go belly up,” he said. “In this very difficult period, it will only be the survival of the fittest.”
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