Airport World - Bhanu Choudhrie
Aviation as an industry has suffered more than most because of the pandemic, writes Alpha Aviation’s founder and executive director, Bhanu Choudhrie.
Indeed, airlines around the world have lost more than $200 billion, with the effects of travel bans and border closures eradicating nine years’ worth of profits. Any potential recovery has been hit further by low passenger numbers, which were 50% down last year.
Wider market conditions are further threatening the liquidity of airline companies. The effects of a cost-of-living crisis, fuel price increases, rising inflation and rising geopolitical tensions are beginning to be felt. Air transport is an integral part of the economy, and investment to support its global recovery must be a priority.
Within uncertainty, there lies opportunity, and there is no reason the aviation sector cannot bounce back stronger than ever.
