People want to fly again: Airbus CEO Guillaume Faury expects business travel to recover

People want to fly again: Airbus CEO Guillaume Faury expects business travel to recover
Reuters
Share
Font Size
Save
Comment
Synopsis

Air travel remains in crisis despite accelerating vaccine rollouts in developed countries. With video calls having replaced in-person meetings, it remains to be seen to what extent business travel will recover.

Agencies
Airbus Chief Executive Guillaume Faury
Airbus Chief Executive Guillaume Faury expects business air travel eventually to return to close to pre-pandemic levels and airlines are devoting the same space to business class seats as before, he said in an interview published on Sunday.

Air travel remains in crisis despite accelerating vaccine rollouts in developed countries. With video calls having replaced in-person meetings, it remains to be seen to what extent business travel will recover.

But Faury told Swiss newspaper NZZ am Sonntag corporate thinking had changed.

"Companies realised: at some point they have to meet their customers and suppliers in person again. At some point they must be on site to develop products or build factories," he said.

"That is what airlines are telling us, since they must decide now how their planes will be seated in future. And we see that they are planning as many seats in business class as before the pandemic."

When asked about the number of business flights he expects in future, he conceded the sector might not recover fully.

"Maybe it will be slightly fewer. One thing is clear to me: people want to fly again. Hardly more but also probably no less than before the pandemic."

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

New on
Get In-depth Reports on 4,000+ Stocks, updated daily
Make Investment decisions
with proprietary stock scores on earnings, fundamentals, relative valuation, risk and price momentum
Find new Trading ideas
with weekly updated scores and analysts forecasts on key data points
In-Depth analysis
of company and its peers through independent research, ratings, and market data