• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Frontliners Travel Group

Frontliners Travel Group

We're not your ordinary travel business.

  • Home
  • Who We Are
  • Blog
  • Contact Us

Europe Travel Will Grow Post-Covid Despite Ukraine War – CNBC

November 14, 2017 by wm

Excerpt from CNBC

For Airbus, as well as its competitor Boeing, Russia’s attack on Ukraine raises the question of what impact sanctions may have on their plans to ramp up aircraft production this year.
So far, the sanctions have not targeted Russia’s ability to export aluminum, steel or titanium, crucial to the production of airplanes.

Excerpt from CNBC

  • For Airbus, as well as its competitor Boeing, Russia’s attack on Ukraine raises the question of what impact sanctions may have on their plans to ramp up aircraft production this year.
  • So far, the sanctions have not targeted Russia’s ability to export aluminum, steel or titanium, crucial to the production of airplanes.

As if the airline industry needs yet another hurdle to overcome after two of the worst years it has ever experienced, carriers are now wondering what will happen to travel in Europe given the war in Ukraine.

The CEO of Airbus, which is based in Toulouse, France, believes an expected surge in travel this summer is still likely.

“I don’t think it impacts the internal European markets,” Guillaume Faury told CNBC while visiting New York for meetings late last week. Faury admits travel in Eastern Europe near Ukraine may come under pressure, but overall he is optimistic air travel will surge in the months ahead.

“I would tend to say yes, it’s very likely that the majority of the travel in the world will recover as we’re expecting by the end of the pandemic.”

Faury’s optimism is matched by almost every airline CEO who has pointed to 2022 as a big year in rebuilding travel lost during the pandemic.

At one point transatlantic flights were down more than 75%. By early this year it had improved but was still down 36%, according to Jefferies.

In a research note outlining the risk of transatlantic travel falling due to Russia’s invasion of Ukraine, analyst Sheila Kahyaoglu wrote, “The vast majority of European air traffic is driven by Western Europe, which should remain relatively unaffected unless Russia conducts a further offensive into NATO territory.”

Click here to read complete article at CNBC.

Category: Portfolio

About wm

Previous Post:What’s the deal with travel specialists?

Want to be a part of the excitement?

We’re building a remarkable and unique travel company with laser-like focus on our clients. Are you an experienced Independent Travel Pro looking for an opportunity to be on the front line of change in travel?

Join The Team
Frontliners Travel Group

9800 McLaughlin Rd. N
Suite 68
Brampton, ON L6X 4R1

289-499-3553

hello@frontlinerstravelgroup.com

TICO License #50026226

Company Information
  • Travel
  • &TravelPros
  • Fellowship
  • The Travel Lounge
  • Privacy Policy
  • Terms and Conditions
Newsletter

Get the latest travel news, events and announcements straight to your inbox.

Join Newsletter

  • Facebook
  • LinkedIn
  • YouTube

Copyright © 2022 Frontliners Travel Group, Inc · All Rights Reserved

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Frontliners Travel Group
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.