Emirates president Tim Clark says business travel could bounce back in 2022

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Few sectors have been hit as hard by the coronavirus pandemic as the aviation industry, but Emirates' president says there are grounds for optimism.

But Tim Clark, president of the Emirates airline, sees reason to be optimistic. He thinks business travel could bounce back in 2022 and that the sector will grow, from pre-pandemic levels.about the recovery of business travel and Emirates' imminent role as a distribution center for future Covid-19 vaccines.

The converse happened. Between 1995, and 2015 to 2018, the demand for business travel grew exponentially. The more they interacted, the more they traveled. As we get back to normal, as the economy is strengthened, as cash starts flowing back into the businesses that have been affected, we'll start to see business travel bounce back, and we'll see it grow. It will not slow down.JD: You had a $5 billion swing from profitability to loss in the latest quarter.

That will happen in '22, '23, '24. I may be out by six months, but in the past, we've generally got it right when we take an assessment what's likely to happen.Emirates courtesy of AirlineRatings.com TC: Necessity is the mother of invention, of course it is. And you can see it in all walks of life, how people have stepped up in whatever business it is to try and deal with this and that has caused high levels of innovation. If anything comes out of this, it's the catalytic effect it has on innovation. It's causing people to look at their business models. So, in the end, we will be paradoxically better for it once we're through it.

 

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