Business travel

President of Flughafen Zuerich sees a rebound in business travel in 2022

ZURICH, September 20 (Reuters)The chairman of the airport operator Flughafen Zuerich FHZN.S expects business travel to rebound next year, he told a newspaper, adding that the Swiss group remains financially strong despite the blow of the coronavirus outbreak.

“My personal assessment is that I don’t think we will see a big recovery in business travel this year. But in 2022 there will be a strong upward trend,” Andreas Schmid told the Tages-Anzeiger newspaper in an interview published on Monday.

He said it was important to offer as many direct connections as possible with the whole world. “However, some destinations will be served less often than before. Maybe only one plane will take off per day or three before,” he added.

He noted that the group’s cash position was “very good” and that it was well capitalized.

“We need at least 50% of the pre-pandemic air traffic to be in the dark. According to our forecasts, we are at this point in December. We are in a stable and solid position,” he said. .

(Reporting by Michael Shields; Editing by Simon Cameron-Moore)

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