Aviation industry to face slow post-coronavirus recovery: S&P Global Ratings

Aviation industry to face slow post-coronavirus recovery: S&P Global Ratings

Most major airlines will shrink or merge with others, whilst smaller airlines may go bankrupt, says former ETF chairperson. Comments Off on Aviation industry to face slow post-coronavirus recovery: S&P Global Ratings. It added that passenger numbers are expected to stay below pre-pandemic levels until as late as 2023.. Elhamy El-Zayat, former chairperson of the Egyptian Tourism Federation (ETF), told Daily News Egypt that the outbreak has negatively impacted worldwide tourism and aviation sectors.. Aviation companies will decrease their volume due to the decreased numbers of passengers.. lowest rate to sell US Dollar.