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

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.

The airline industry has been through two of the worst years it has ever experienced, and now with the war in Ukraine, carriers are wondering what will happen to travel in Europe.

An expected surge in travel this summer is still likely according to the CEO of the company.

Guillaume Faury told CNBC that he doesn't think it affects the internal European markets. Faury admits that travel in Eastern Europe may come under pressure, but he is optimistic that air travel will surge in the months ahead.

It is likely that most of the travel in the world will recover by the end of the Pandemic.

Faury and almost every airline CEO have the same belief that the year of 2022 will be a big year in rebuilding travel lost during the Pandemic.

At one point, the flights between the US and Europe were down more than 75%. It had improved by early this year but was still down.

The vast majority of European air traffic is driven by Western Europe, which should remain unaffected unless Russia conducts a further offensive into NATO territory.

Click here to read the entire article.