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Flughafen Zuerich chairman sees business travel rebound in 2022 -paper

Stock MarketsSep 20, 2021 05:31AM ET
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© Reuters. FILE PHOTO: Flughafen Zurich AG Chairman of the Board of Directors Andreas Schmid addresses the opening news conference for the newly built office and business complex "The Circle" at Zurich Airport, in Kloten, Switzerland November 5, 2020. REUTERS/Arnd W

ZURICH (Reuters) - The chairman of airport operator Flughafen Zuerich expects business travel to rebound next year, he told a newspaper, adding the Swiss group remained financially sound despite the hit from the coronavirus epidemic.

"My personal assessment is I don't think we will see a big recovery in business travel this year. But in 2022 there will be a strong upward trend," Andreas Schmid told the Tages-Anzeiger paper in an interview published on Monday.

He said it was important to offer as many direct connections as possible to the whole world. "However, some destinations will be served less often than before. Perhaps only one plane will take off a day where three used to," he added.

He noted the group's cash situation was "very good" and it was well capitalised.

"We need at least 50% of the pre-pandemic air traffic to be in the black. According to our forecasts, we are at that point in December. We are in a stable, solid position," he said.

Flughafen Zuerich chairman sees business travel rebound in 2022 -paper
 

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