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Qatar Airways CEO sees downturn in air traffic at year-end; pressure remains on yields

12-Apr-2010 12:10 PM

Qatar Airways CEO, Akbar Al-Baker, stated he expects the aviation industry to be affected by another reduction in air traffic towards the end of 2010, as banks write down more toxic assets and bad debts, which would put further pressure on underperforming economies and could force companies and consumers to reduce spending on air travel (France 24 TV, 10-Apr-2010). However, he stated that carriers are currently seeing a "slight improvement" in air traffic, but added, "though for the time being there is an upturn in passenger numbers...there is still a downward pressure on yields."

Qatar Airways: "I am a bit concerned. I think that there will be a second dip in air traffic towards the end of this year. We are already taking measures to mitigate such a downturn in air traffic and passenger numbers," Akbar Al-Baker, CEO. Source: France 24 TV, 10-Apr-2010.