Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Aviation industry ‘not quite out of the woods,’ but there are signs of recovery: Dubai Airports CEO

by
November 15, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

The air travel industry is “not quite out of the woods” — but the future could be brighter than the last 20 months, says Paul Griffiths, the chief executive of Dubai Airports.

“We have room for optimism that the future, hopefully, is much brighter than the last 20 months,” he told CNBC’s Dan Murphy on Sunday at the Dubai Air Show, the first major international air show since the Covid pandemic began.

The city’s airports have seen 20.7 million passengers this year, a “far cry” from pre-pandemic levels, which may only be achieved in 2025, he said.

But there are signs of recovery as the world relaxes restrictions and major international traffic flows start up again, he said. Traffic numbers at Dubai International grew 40% in the last six weeks, he added.

Dubai Airports owns and manages Dubai International and Dubai World Central Airports in the United Arab Emirates. Dubai International alone served 86.4 million customers in 2019.

By the end of this year, Griffiths expects Dubai Airports to see 26.7 million passengers. That figure could jump to 56 million or 57 million in 2022, he said.

The CEO said he’s cautiously optimistic that passenger numbers could be even better.

Emirates Airlines airplanes at Dubai International Airport on February 1, 2021.

Karim Sahib | AFP | Getty Images

“I do hope that there is a case for slightly more optimistic forecasts, but we’re in unknown territory,” he said.

Dubai International is “very aggressively” getting back to normal operations after a period of “hibernation,” he told CNBC. “We’re very optimistic that we will lead the recovery and the world will be traveling again very shortly.”

Asked about the biggest threats to air travel recovery, Griffiths said the risk of a surge in Covid infections leading to lockdowns is a “big problem.”

Just this weekend, the Netherlands returned to a partial lockdown as soaring Covid cases stretched capacity at hospitals.

If airlines and airports respond with a quality product, and good value for money, people are so desperate to get back in the air again, they will respond.

Paul Griffiths

Dubai Airports, CEO

Griffiths added that many people likely do not have the confidence to travel because of strict regulations, expensive Covid testing protocols and the fear of rules changing quickly.

“The last thing you want to do is embark on a journey and then get stuck somewhere having to quarantine,” he said, though he acknowledged that that is less of a risk now.

The economic situation — whether people have the disposable income to go on trips the way they used to — is another factor that will affect the recovery of the aviation sector, he said, but added that he is “fairly confident” about the demand.

“If airlines and airports respond with a quality product, and good value for money, people are so desperate to get back in the air again, they will respond,” he said. “We’re starting to see the green shoots of that already.”

ShareTweetPin

Related Posts

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

by
October 1, 2023
0

The forex market is a fast-paced environment where traders constantly seek an edge to make profitable decisions. Central to this...

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

by
October 1, 2023
0

Understanding one’s net worth is more than just knowing how much one has in the bank. It’s a comprehensive snapshot...

Is SoFi Invest The Best Automated Trading Software? Unraveling the Truth

by
October 1, 2023
0

As traditional investment avenues have expanded and evolved, automated trading software and micro-investing apps have become popular. These platforms simplify...

Is StreetBeat The Best Automated Trading Software? Insights from Everyday Traders

by
October 1, 2023
0

Automated trading software offer a seamless blend of technology and strategy. They allow novice and seasoned traders to optimize their...

Is TradingView The Best Automated Trading Software? The Ultimate Analysis Guide

by
October 1, 2023
0

With the rapid advancements in technology, traders now have many platforms at their fingertips catering to their specific needs and...

Next Post

China's retail sales beat forecasts in October, despite property market slump

Inflation fueled by new green policies will boost these stocks and sectors, strategist says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net