Key figures in aviation have raised concerns over the impact that a global rise in populist governments and protectionist policies is having on air travel.
"On the other hand, air freight demand is struggling to keep pace, with some arguing that is has been hindered by a rise in protectionist and isolationist policies among some of the most influential powers in the world.
"According to
Lucas says: "There are certain indicators, especially in places like the US, where things are not as bad as they seem, in the sense that the unemployment rates are still relatively low. "But there are other indicators that potentially point toward the recession.
"Britons face - and this coincides with their policy of isolationism - a lot of airlines having to mitigate the risks of a hard line Brexit and have registered themselves outside of the
"But that's a bit more challenging for airports because they're fixed assets. So, one of the repercussions of Brexit on airports will be more macroeconomic, and because of this uncertainty, you could have a potential slowdown."
"If we do have a recession I don't think it will be as pronounced as what we saw in the previous recession and the credit crisis. Once investment starts to pick up, and business confidence starts to pick up along with consumer confidence, then you will see the air transport sector pick up as well."
ENDS
For more information
Visit
To gain access to our latest press releases: GlobalData Media Centre
Please contact the
EMA &
Email: pr@globaldata.com
For expert analysis on developments in your industry, please connect with us on:
About
4,000 of the world's largest companies, including over 70% of
.
(C) 2020 M2 COMMUNICATIONS, source