Skip to content

Share

  • Add this article to your LinkedIn page
  • Add this article to your Twitter feed
  • Add this article to your Facebook page
  • Email this article
  • View or print a PDF of this page
  • Share further
  • Add this article to your Pinterest board
  • Add this article to your Google page
  • Share this article on Reddit
  • Share this article on StumbleUpon
  • Bookmark this page
PA IN THE MEDIA

Airline leaders warn of imminent failures and wholesale job losses

David Huttner, senior aviation expert at PA, discusses imminent airline failures and job losses due to the COVID-19 pandemic.

The article reports that airline leaders have warned of imminent failures and wholesale job losses which could come into effect at the start of this week.

Speaking at the Airlines 2050 Summit on Monday, Airlines UK chief executive Tim Alderslade warned: “All airlines are, in effect, bankrupt. We’ll see failures. It’s just a matter of time, depending on balance sheets. We know the clock is ticking.

“If we don’t get a test regime in place and the government is not forthcoming with money, we’re going to see airlines go out of business.”

Commenting on this, David says: “There are going to be failures. But we also see parties willing to take opportunities if debts can be restructured.” He cited the deal to resurrect Flybe, announced by the carrier’s administrators on Monday.

Click here to read the full article in Travel Weekly

Discover all our insights related to COVID-19

Find out more

Contact the aviation consulting team

×

By using this website, you accept the use of cookies. For more information on how to manage cookies, please read our privacy policy.