Airline industry faces myriad of challenges on recovery path: Al-Baker

Airline industry faces myriad of challenges on recovery path: Al-Baker

Qatar Airways Group Chief Executive HE Akbar al-Baker said the aviation industry will continue to face challenges emanating from Covid-19, oil prices, shortage of manpower, political upheaval, lack of investments in infrastructure development and unnecessary restrictions on aviation on environment grounds.

He was participating in a panel session following the formal opening of the IATA World Financial Symposium (WFS) in Doha yesterday.

He urged the aviation industry to work towards an optimised management of its financial resources, including applying best practices in the areas of cost recovery and effective cash management.

The industry, he said, should have a clearly defined measuring, reporting and verification system in place to ensure it drives progress to deliver sustainability commitments.

“In order to achieve our ambitious climate targets, the carbon markets need to respond in accordance to the airline's commitments,” he said.

He said airline ticket prices will remain high due to lack of capacity as airline manufacturers face challenges delivering aircraft on time.

The tourism industry will be hardly hit if disposable income of people shrink due to inflation.

“Despite optimism and rebound in travel, post-pandemic, we are still in dangerous times due to conflicts around the world. Unfortunately, as soon as we start