[ad_1]
Willie Walsh, director general of the International Air Transport Association (ITA), said the high price of oil would result in expensive airline tickets.
In an interview with the BBC, Mr Walsh said the airline was the only major airline. Sunday morning Program.
Flying will be more expensive for users, “without a doubt,” he said.
Mr Walsh added: “Ultimately, high fuel prices will inevitably be passed on to consumers.”
Rising oil and gas prices have fueled global warming as Russia’s military offensive in Ukraine worsens and the economy recovers from the Covd-19 epidemic.
Brent, more than two-thirds of the world’s crude oil, reached $ 140 a barrel in March. It has left some profits since then, but is still trading around the $ 105 mark.
Inflation has risen sharply since the start of the Ukraine conflict in February, with food and other commodities rising.
Inflation is projected to reach 5.7 percent this year in advanced economies and 8.7 percent in emerging markets and emerging economies, according to the International Monetary Fund.
At last month’s annual general meeting in Doha, Iata said that the war between Russia and Ukraine had exacerbated the effects of aviation on rising oil prices and declining consumer sentiment.
Correcting the $ 650 billion debt balance will be another major challenge for airlines this year, the industry said.
Airlines are expected to make a net loss of $ 9.7 billion this year, a significant increase compared to $ 42 billion in 2021, Mr Walsh said in Doha.
Holidaymakers need to be prepared for the cost of flights, Mr Walsh told the BBC.
Most of the issues affecting airlines and airports are caused by staff problems. However, Mr. Walsh said:
Top destinations for summer travel from the United Arab Emirates – in pictures
“People are flying in large numbers. It is a time of optimism, even though there are still occasional restrictions on costs, especially oil and a few key markets, ”he said at the Iata conference in Doha.
Aviation was one of the hardest hit industries, with the domino effect affecting tourism, hospitality, and supply chains. However, the sector is slowly recovering.
Although the basic needs of the trip are strong, there is a low risk that governments will choose to return the border to future epidemics, Ita said.
“Governments must learn from the CVD-19 crisis. “Closing the border will cause economic hardship, but it will not do much to control the spread of the virus,” Mr Walsh said.
“With a high level of public immunity, advanced treatment methods and follow-up procedures, the risks of CVD-19 can be controlled.”
Updated pick July 11, 2022, 7:50 p.m.
[ad_2]
Source link