Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Qatar Airways sees slow recovery in travel from pandemic

Published 05/11/2020, 09:08 AM
Updated 05/11/2020, 09:10 AM
© Reuters. FILE PHOTO: Qatar Airways Chief Executive Officer Akbar Al Baker is seen during the 53rd International Paris Air Show at Le Bourget Airport near Paris

DUBAI (Reuters) - Global travel demand will take years to recover from the coronavirus pandemic and many business travellers may never return to the skies, the head of Qatar Airways said on Monday.

The state-owned airline is one of only a few to have maintained some scheduled passenger flights through the pandemic. Earlier this month, it said it would start rebuilding its network in anticipation of governments easing travel restrictions.

Qatar Airways expects to fill between 50% and 60% of seats on flights over the coming weeks as it reopens more routes and increases the frequency of flights.

"There are still a lot of people stranded around the world, (and) people who want to go and visit their loved ones," Akbar al-Baker told Reuters by phone.

But Baker said he would be "very surprised" if travel demand recovered to pre-pandemic levels before 2023/2024.

He also said many business travellers may never return, having become accustomed to working remotely, while job losses and business closures would also have an impact.

Qatar Airways will reduce flights to some destinations and its fleet will become 25% smaller, with some aircraft grounded and others returned to lessors, Baker said.

It plans to nearly triple its network by June 30 to about 80 destinations, mostly in Asia-Pacific and Europe. It flew to 165 cities before the pandemic.

The airline also said it would give away 100,000 return economy class tickets to frontline healthcare workers around the world as a thank you for their efforts in fighting the virus.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.