Former Spirit Airlines CEO Ben Baldanza predicts there will be a decline in business travel and airlines will have to rely more on leisure travel for revenue.
Former Spirit Airlines CEO Ben Baldanza warned on Wednesday that more federal aid for airlines is “not a long-term solution” for the struggling industry.
The coronavirus pandemic has led to a sharp decrease in demand for travel as people were encouraged to stay home in an effort to curb the spread.
“I think that the government is doing a good thing with the payroll protection, but it’s not a long-term solution for fixing what the airlines really need,” the Sterling Limited Partners operating partner said.