IATA Chairman: It is expected that there will be more airline bankruptcies and consolidations in the future.

Chairman of the International Air Transport Association, Welsh, said that due to the increase in aviation fuel prices, it is expected that more airlines will go bankrupt in the future, and the aviation industry will witness consolidation. Due to regulatory barriers, the merger of European and American airline alliances is unlikely to progress. After the easing of Middle East conflicts, airlines in the Gulf region will regain market share with their hubs. Despite the development of clean fuels falling short of expectations, aviation institutions will still adhere to the goal of net-zero emissions by 2050.