Willie Walsh, chief executive of British Airways, offered a bleak assessment recently that the worst of the recession was still ahead for the global airline industry. Walsh said BA had planned “on the assumption of a 24-month downturn, and we have seen nothing yet to persuadeus we are over-pessimistic”. “Though some of the financial markets may be looking better, I believe that for airlines, the worst of this recession is still ahead of us.” He added that a … [Read more...] about EUROPE & CIS: BA chief warns worst of recession still ahead

Willie Walsh, chief executive of British Airways, offered a bleak assessment recently that the worst of the recession was still ahead for the global airline industry. Walsh said BA had planned “on the assumption of a 24-month downturn, and we have seen nothing yet to persuadeus we are over-pessimistic”. “Though some of the financial markets may be looking better, I believe that for airlines, the worst of this recession is still ahead of us.” He added that a … [Read more...] about EUROPE & CIS: BA chief warns worst of recession still ahead