WHAT WILL BE THE IMPACT TO THE AIRLINE INDUSTRY?
HOWARD ARCHER | IHS GLOBAL INSIGHT
“Even if the problem extends into weeks, the overall net economic impact should not be that great, although individual sectors, businesses and stranded individuals will undeniably increasingly suffer.”
VIRGINIE VACCA | STANDARD & POOR’S EQUITY RESEARCH
“The airlines are losing millions of euros a day and all they can hope for now is that the disruption will last up to 14 days as they can then rely on insurance to cover the costs.”
HOWARD WHEELDON | BGC PARTNERS
“European airlines are losing 200 to 250 million dollars a day and for some I would imagine the loss is even bigger. There is no precedence for this. During 9/11 only the US airports were closed.”