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Airbus CEO says industry might need until 2025 to reach pre-crisis levels

Published 11/24/2020, 08:45 AM
Updated 11/24/2020, 08:50 AM
© Reuters. Airbus's annual press conference on Full-Year 2019 results in Blagnac

BERLIN (Reuters) - The aviation industry might not reach pre-crisis levels until 2025, Airbus' CEO said on Tuesday.

A uniform approach to open borders and testing passengers was overdue in Europe, Guillaume Faury told an online aviation summit.

© Reuters. Airbus's annual press conference on Full-Year 2019 results in Blagnac

Airlines are on course to lose a total $157 billion this year and next, their main global body warned earlier on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.

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