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Lufthansa CEO Says Iran War Could Weaken Gulf Carriers' Dominance on Asian Routes
Investing.com – Lufthansa Group CEO Carsten Spohr stated in an interview published on Tuesday in the business magazine Manager Magazin that the Iran war will weaken the dominance of Gulf airlines such as Emirates and Qatar Airways on Asian routes.
Spohr said, “The main hubs of Gulf airlines are located in a region currently facing obvious new risks. What this means for the future of global air travel remains to be seen.”
The CEO added that the war would also dispel recent discussions about allocating more takeoff and landing slots at German airports for Emirates.
Spohr said, “If we become increasingly unable to connect to the growing Asian markets through our own routes and become more dependent on hubs outside Europe, it will weaken European sovereignty.”
Regarding North American routes, Spohr stated that Lufthansa has been able to balance the slowdown in European travel demand to the U.S. last year with increased demand from another direction.
Spohr said, “We expect this summer that there will be more American passengers than European passengers on our transatlantic flights.”
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.