Emirates, Etihad warn air travel recovery could take three years: business council - Reuters:
Middle East state carriers Emirates and Etihad Airways believe it could take three years for air travel demand to return to levels seen just before the COVID-19 pandemic broke out, according to the U.S. - UAE business council.
The business council hosted a video conference with Emirates President Tim Clark and Etihad Chief Executive Tony Douglas on Wednesday, it said.
Clark and Douglas both said during the conference that they believed 85% of the world’s airlines are at risk of insolvency, and that without state support could go bankrupt before year-end, according to the business council.
The airlines also warned it could take until 2023 for passenger demand to recover to pre-crisis levels.
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