The recovery of the aviation industry, post the Covid pandemic could be derailed due to surging fuel prices and tensions between Russia and Ukraine in Europe, according to the president of Gulf carrier Emirates. “A war in Europe, and aggression over there will have very disruptive effects on the industry,” Tim Clark told Bloomberg TV. According to Clark, the repercussions of a possible war in Europe will result in the closure of airspace, which will batter the aviation industry further. Clark added that the oil price hovering just below $100 a barrel is also negatively impacting the industry further, as it is forcing airlines to increase ticket prices. Clark also pointed out the vitality of summer for Emirates, as well as for the entire aviation industry. “Summer will be the pivotal point. If by June and July we do not have those markets restored, it will be a different story. My own view is that they will come back. I’m not so sure about China, but the other areas in Southeast Asia will beback with us,” stated Clark.
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