Airlines may struggle to be profitable post-pandemic, Citi says, but sees ‘green shoots’ on the horizon

Airlines may struggle to be profitable post-pandemic, Citi says, but sees ‘green shoots’ on the horizon

Changes in corporate travel patterns due to the coronavirus could hit airlines hard, but it's "not all bad news" given that there are green shoots on the leisure side, said Mark Manduca of Citi.. The aviation industry has been hit hard by the global pandemic that led to border closures and travel restrictions.. Tim Kelly of Atlantis Resorts agreed that at least some tourists are ready to start traveling again. ". We're actually starting to see a lot of tourist interest, believe it or not, in (the fourth quarter) of this year," he said.. "Given the fact that a 1% movement in corporate travel volumes impact airline profitability by 10%, it's not a crazy supposition to assume that the airline industry will struggle actually to get profitable again," Manduca told CNBC's "Capital Connection" on Wednesday..