African Airlines to Lose $6 Billion in Revenue: Ethiopian Airlines CEO

The transcript discusses the severe impact of COVID-19 on the global airline industry, with a focus on African airlines. It highlights the financial challenges faced by these airlines due to lockdowns, reduced revenue, and lack of government support. The discussion also covers the reluctance of banks to lend to the aviation sector and the economic difficulties caused by falling commodity prices. The speaker predicts a faster recovery for East-West traffic between Africa and Asia, while North-South traffic may take longer to return to normal levels.

What is the expected revenue loss for the African airline industry due to COVID-19?

• 12 billion U.S. dollars

• 9 billion U.S. dollars

• 3 billion U.S. dollars

• 6 billion U.S. dollars

Why are African airlines predicted to be among the hardest hit by COVID-19?

• Due to high human cost

• Due to increased tourism

• Due to lack of government resources for bailouts

• Due to technological advancements

What is one reason banks are hesitant to lend to African airlines?

• Airlines are grounded and not generating revenue

• Airlines have strong financial backing

• Governments have ample resources

• Airlines are generating high revenue

What economic factor is making it difficult for African governments to support their airlines?

• Rising commodity prices

• Stable oil prices

• Slump in commodity prices

• Increase in tourism

Which traffic route is expected to recover faster according to the predictions?

• North-South traffic

• Intercontinental traffic

• East-West traffic

• Domestic traffic

By what year is air traffic expected to return to 2019 levels according to the predictions?

• 2022

• 2023

• 2021

• 2020

Which group is expected to return home faster, aiding recovery in that market segment?

• European tourists

• Asian businessmen

• African diaspora in Europe and America

• Middle Eastern investors