CAPA Live October: BOC Aviation MD & CEO Robert Martin
Talking at the CAPA Live on 13-Oct-2021, BOC Aviation MD & CEO Robert Martin spoke with CAPA's chairman emeritus Peter Harbison. Some of the key highlights can be found below.
- The flow through the airports, particularly in Southeast Asia, it's still well into single digits as a percentage of 2019. Not all Asians are alike when it comes to travelling. The first one is North Asia. That's probably the area that we are most optimistic, Japan, Korea, you've already seen sort of flights gradually being opened.
- I suspect IATA's numbers are understated for Asia, Europe for next year. Clearly on the financial side, this is going to impact people's cash flows, and people will use whatever aircraft they were planning to use on those routes.
- There's less impetus for business travel when they're working from home. I think that's going to change come November and December this year, and we're going to start seeing a significant pickup in business travel.
- If a passenger has a choice, their strong preference is to fly point to point. And as we come out of the downturn, this is going to be one of the challenges for those airlines that rely on hubbing traffic through a single hub.
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