CAPA chairman: 2021 could be a lot worse than 2020 without joint effort from governments

CAPA - Centre for Aviation chairman emeritus Peter Harbison, speaking on the CAPA Masterclass: Market airline capacity projections: contrasting Asia Pacific and Europe, stated (17-Jun-2020) 2021 could be "a lot worse" for the aviation industry than 2020 without a "concerted joint effort from governments" to support the sector. Mr Harbison said airlines are "burning the furniture" and "mortgaging the future" in their efforts to keep cash flowing. Mr Harbison commented: "All we're doing is putting bandaids on what is a gaping wound. We're not fixing the wound". He added: "Without inter-governmental coordination and a decent, new, sensible framework, we will not be surviving in 2021. We need to coordinate, and the alternative is protectionism, much less competition and far fewer people flying and an industry which will be uneconomic".