IATA’s Clifford on Lunar New Year, Bookings, Consolidation

The transcript discusses the impact of COVID-19 on the airline industry, focusing on reduced travel during the Chinese New Year, domestic travel trends, and the global vaccine rollout. It explores quarantine policies, the development of a travel pass, and the industry's recovery prospects, including potential consolidation and government support. The discussion also highlights the role of cargo operations and the challenges posed by rising oil prices.

What was the impact of government restrictions on Chinese New Year travel?

• Travel remained the same

• Travel decreased by 69%

• Travel increased by 10%

• Travel increased by 69%

What is the purpose of the Travel Pass mentioned in the video?

• To increase airline ticket prices

• To provide discounts on travel

• To ban international travel

• To help reopen borders safely

By when does the aviation industry expect to return to 2019 levels?

• In five years

• In one year

• In two years

• In three years

Which countries have seen airline consolidation according to the video?

• China

• United States

• India

• South Korea

What is a major challenge for Hong Kong Airlines compared to mainland peers?

• Lack of cargo operations

• Lack of domestic market

• Excessive government support

• High ticket prices

How has the demand for cargo services changed recently?

• Decreased significantly

• Increased significantly

• Remained stable

• Decreased slightly

What is a significant financial pressure on airlines mentioned in the video?

• Decreasing cargo demand

• Decreasing passenger numbers

• Rising oil prices

• Increasing competition