TEHRAN, June 03 - Growing tension over international trade could damage the airline industry and the world economy, global airlines and aviation executives warned on Sunday.
TEHRAN, Young Journalists Club (YJC) -Growing tension over international trade could damage the airline industry and the world economy, global airlines and aviation executives warned on Sunday.
The U.S. government has renewed tariff threats against China and imposed duties on steel and aluminum on U.S. allies Canada, Mexico and the European Union.
“Any measures that reduce trade and probably consequently limit passenger travel are bad news,” Alexandre de Juniac, director general of the International Air Transport Association, told Reuters at IATA’s annual meeting in Sydney. The group represents most of the world’s main airlines
“We always get concerned when you start to see tensions elevate around global trade and free trade,” American Airlines Group (AAL.O) Chief Executive Doug Parker said. American has not seen any effect yet on revenues, he said.
The uncertainty could curb demand for the business travel, a key driver of profits for the airline industry, Gloria Guevara Manzo, chief executive of the World Travel and Tourism Council (WTTC).
“(Business travelers) need to wait and see what happens – will their business be impacted, do they need to diversify, go some other places. War in trade is not good,” she said.
Source: Reuters
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