British Airways owner sees transatlantic slowdown recovering

Iag said the weak demand of transatlantic routes showing signs of the passage of the past three weeks as the journey begins to follow a period of uncertainty.

The owner of the British Airways noticed that “many weeks” soft in economic cabins from the US, even if the executive Mance Gallego says Monday in the Bloomberg TV interview. Some corporate trips also slow down after the US announces the tariffs and business passengers delayed by some travel as a result, he added.

Some airlines see a decrease in travelers who fly between Europe and the US after President Donald Trump has executed Tarko in countries around the world. IAG, Air France-KLM and Deutsche Lufthansa and all previously said that weakness is more noticeable on their cheap journey remaining strong.

“I think it’s more insecure,” Gallego told the man Bloomberg to New Delhi in the annual meeting of international air transport association. “People don’t know what happens.”

The IAG, also owner of Iberia in Spain and Ireland’s Aer Lingus, last month announcing a large buying Boeing Sovero jets, a decision made independent of tariffs, as Gallego. After a US Trade Deal in the UK, aircraft group does not pay duties of Boeing Aircraft provided by British Airways, he said.

“We really want to have more security in tariffs,” Gallego said. “We still need more details about the complete aviation picture.”

This story originally shown Fortune.com

Source link