Willie Walsh, chief executive of British Airways, warned last night that the worst of the recession was “still ahead” for the global airline industry, in a bleak assessment that chimed with the grim mood at this week's Paris air show.
The stark comments from one of Europe's top airline executives came amid a dearth of new orders at the show that underscored the scale of the crisis facing the commercial aerospace and aviation industries.
Airlines have been hit by plunging passenger numbers and air freight volumes since last autumn.
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