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Qatar Airways’ Revenue Sinks, Plans to Keep Flying

  • Al Baker predicts virus will cause some operators to collapse
  • Airlines need to take ‘clever, prudent’ decisions to survive
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The airline industry will see a huge capacity reduction as a result of the coronavirus pandemic, Al Baker says.(Source: Bloomberg)
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Qatar Airways Chief Executive Officer Akbar Al Baker said many airlines will go bust as the coronavirus outbreak ravages demand for travel, limiting the scope for takeovers.

While the Gulf carrier is open to acting on any investment opportunities that present themselves, the pandemic is likely to lead to the immediate collapse of some operators, Al Baker said Thursday on Bloomberg Television.