CAPA Outlook: How can we expect a sustainable industry built on junk bonds?
The global aviation industry, savaged by the effects of Covid-19, today resembles a hopeless drunk, lurching towards the next crisis. This is the raw assessment of the present reality according to CAPA Founder and Executive Chairman, Peter Harbison, in his upcoming monthly outlook presentation in the Apr-2021 edition of CAPA Live.
“Even the US airline majors - who operate inside a protected domestic market that has delivered higher profits than the rest of the world combined in recent years up to 2019 - have been bailed out three times and most have gone through Chapter 11 reincarnation since 2000”, said Mr Harbison.
“This is clearly not a financially viable industry, yet with government support airlines are about to re-embark into an environment that is much more hostile than the ones which preceded COVID-19. Things need to change, even just to remain the same”, he said.
The Apr-2021 edition of CAPA Live carries the theme “Airlines in Transition” and examines the evolution of airline business models and the factors, including technology, that are driving change. CAPA Live’s audience has now reached 6,000 industry professionals from 200 countries. Of these, over 1,500 airline delegates from over 210 airlines are now registered, making CAPA Live the largest aviation and travel industry event in the world right now. Registration is free here.