MUFG Bank: Long haul business travel demand recovery will be by far the slowest segment

MUFG Bank director - advisory for global aviation finance Albert Muntane Casanova, speaking at CAPA Live May 2021, stated (12-May-2021) "you could argue that VFR, visiting friends and relatives", will be the fastest travel segment to recover from the impact of COVID-19, noting: these are "people who haven't seen their families for a long time". Mr Casanova said following the recovery of VFR travel "then you will see leisure demand coming back", although this will depend on "when travel restrictions are lifted" and "most of it will be short haul". He concluded that "long haul business travel" will be "by far the slowest" demand recovery travel segment.