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DELTA AIR LINES, INC.

(DAL)
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Delta Air Lines : Transatlantic airlines CEOs assemble and call for the re-opening of transatlantic travel

06/09/2021 | 11:11am EDT

The CEOs of all airlines that offer UK-US passenger services - American Airlines, British Airways, Delta Air Lines, JetBlue, United Airlines and Virgin Atlantic joined on June 7 with Heathrow Airport and other industry-leading CEOs in calling for the re-opening of transatlantic travel, a move that will be essential to igniting economic recovery.

Top leaders in aviation and travel came together ahead of the G7 meeting in Cornwall later to push for the reopening of the UK - US travel corridor. With world-leading vaccination programs in both the UK and US, there is a clear opportunity to safely open up travel between these two low-risk countries, enabling consumers on both sides of the Atlantic to reconnect with loved ones, re-establish business relationships and explore new destinations after more than a year of lockdowns and restrictions. The CEOs urged both governments to take a data-driven and risk-based approach to re-opening borders to travel.

A line-up of American Airlines CEO Doug Parker, British Airways CEO and Chairman Sean Doyle, Delta Air Lines CEO Ed Bastian, Heathrow CEO John Holland-Kaye, JetBlue CEO Robin Hayes, United CEO Scott Kirby, U.S. Travel Association President and CEO Roger Dow and Virgin Atlantic CEO Shai Weiss joined forces at the panel event, hosted by Duncan Edwards, Chief Executive of BritishAmerican Business.

The participants spoke up after more than a year of travel restrictions that have deeply impacted the global economy and trade and tourism between the two countries. They discussed the merits of having the US on the UK's 'green list', which means travelers from the US would no longer need to self-isolate on arrival in the UK, as well as the benefits that would arise from the US lifting the UK-related travel ban (the so-called 212(f) order) order to open up the transatlantic corridor for UK residents to enter the US. The US is the UK's largest trading partner and UK businesses are losing GBP23 million each day that transatlantic links remain closed. In 2019, 900,000 tonnes of cargo also travelled between the two countries.

In the US, 63.5 percent of adults have received at least one dose, while about half of adults - 139 million people have been fully vaccinated. In the UK, almost 68 million have received shots - more than 75% of the country's adult population. Studies show that the vaccine programs in both countries are successfully reducing transmission and the severity of infection, plus fighting variants, and case counts in both countries continue to decline rapidly.

Shai Weiss, CEO, Virgin Atlantic commented: 'There is no reason for the US to be absent from the UK 'Green' list. This overly cautious approach fails to reap the benefits of the successful vaccination programs in both the UK and the US. While transatlantic links with the US are restricted, it's costing UK economy GBP23 million each day. We urge Prime Minister Johnson and President Biden to lead the way in opening the skies, making it a top priority at the G7 Summit. Customers, families and businesses need to book and travel with confidence. After 15 months of restrictions, the time to act is now.'

Sean Doyle, Chairman and CEO, British Airways said: 'As President Joe Biden and Prime Minister Boris Johnson meet this week, they must address the transatlantic ban that is separating our two low-risk countries at a major cost to our citizens and economies. We urgently need them to look to the science and base their judgements on a proper risk analysis, allowing us all to benefit from the protection offered by our successful vaccine rollouts. In the UK this means making the traffic light system fit for purpose, including a pathway to restriction-free travel for vaccinated travellers, and getting rid of complexity surrounding 'amber list' countries, eliminating quarantine and reducing the number of tests passengers are required to take.'

John Holland-Kaye, CEO, Heathrow said: 'Connectivity between the UK and the US is one of the great engines of the global economy. The scientific data shows transatlantic travel and trade can be reopened safely and every day that policymakers delay puts jobs, livelihoods and the economic chances of hardworking folks across our countries at risk unnecessarily. We cannot continue to keep locked-up indefinitely. Politicians should seize on the successful vaccination programs in our two countries to begin looking to a future where we manage COVID rather than letting it manage us.'

'As we see people reclaiming their lives and reconnecting with loved ones, it's clear that the infection rates of our countries indicate an extraordinarily low risk to travel between the US the UK, provided travelers are vaccinated or can produce a negative PCR test prior to boarding a flight,' said Ed Bastian, CEO, Delta Air Lines. 'Our modeling studies conducted with Mayo Clinic put the risk of transmission on a plane traveling between the UK and US at 1 in 1 million.'

'We're proud of the measures American and others have taken to navigate the pandemic and ensure we deliver a safe, healthy and enjoyable experience for customers as they return to travel,' said Doug Parker, Chairman and CEO of American Airlines. 'Reopening travel between the US and UK is a critical next step in both the travel industry and the global economy's recovery. With vaccine availability continuing to expand, we know that our business and leisure customers are increasingly eager to cross the Atlantic, and we know that when they do, it will provide a major boost to the economies in the US, UK and around the world. We look forward to continuing to work with both governments as they make this important decision.'

'Throughout the pandemic, experts have encouraged governments, businesses and the public to follow the science,' said United's CEO, Scott Kirby. 'United and other airlines have done just that and implemented the necessary safety protocols to confidently re-open key international routes like the air corridor between our two countries. Programs like the trials of COVID-free flights between Newark and Heathrow and the US Department of Defense air filtration study conducted on board United aircraft not only contributed to the body of scientific knowledge, they have demonstrated the near non-existent rates of viral transmission aboard an aircraft. And now, through mobile app, travelers can upload verified test results and vaccine records before international travel. All this with the successful leadership of vaccination efforts by both governments, no interests are served by delaying re-opening of these essential air routes any longer. We are ready.'

'The surge in travel in recent weeks has been remarkable as case counts fall and vaccination rates rise and we're confident that demand for travel between the US and the UK would follow a similar recovery pattern with an established travel corridor between the two countries,' said Robin Hayes, Chief Executive Officer, JetBlue. 'As international destinations have opened to travelers across our Latin America and Caribbean network and traveling has been made easier with fewer border restrictions, we've seen a notable uptick in the number of people flying to these destinations. Data has shown that people can travel safely when certain health and safety protocols remain in place and we believe the UK should implement revised border restrictions similar to those that have already been successful in many other countries.'

A recent York Aviation report stated that a second 'lost summer' of international travel would result in GBP55.7bn in lost trade and GBP3.0bn in tourism GDP if reopening is delayed until September. If international travel remains restricted, it will cost the US economy $325 billion in total losses and 1.1 million jobs by the end of 2021, according to analysis from the U.S. Travel Association.

'The millions of travel-supported US jobs lost to the pandemic cannot be replaced without the return of international visitors, and the UK is our No. 1 overseas travel market,' said U.S. Travel Association President and CEO Roger Dow. 'Advancing a science-driven approach to restart international travel is crucial, and a US-UK corridor is a logical place to start because of the two countries' excellent records on vaccinations and declining infections, as well as their strong relationship.'

The group has encouraged the US government to consider lifting entry requirements for UK travellers who have provided a negative COVID test ahead of arriving in the US or are fully vaccinated or can present proof of recovery.

On the UK side, Prime Minister Boris Johnson was asked to consider removing the need for travellers returning to the UK from 'green list' countries to complete an expensive and time-consuming PCR test on their arrival, instead calling for lateral flow tests, used in care homes and schools, with only positive tests requiring a PCR test.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DELTA AIR LINES, INC. 0.81% 39.77 Delayed Quote.-1.09%
JETBLUE AIRWAYS CORPORATION 0.61% 14.78 Delayed Quote.1.65%
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Sales 2021 28 443 M - -
Net income 2021 -38,8 M - -
Net Debt 2021 17 823 M - -
P/E ratio 2021 359x
Yield 2021 -
Capitalization 25 361 M 25 361 M -
EV / Sales 2021 1,52x
EV / Sales 2022 1,02x
Nbr of Employees 74 000
Free-Float 98,2%
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Managers and Directors
Edward Herman Bastian Chief Executive Officer & Director
Glen William Hauenstein President
Daniel C. Janki Chief Financial Officer
Francis S. Blake Non-Executive Chairman
Rahul Samant Chief Information Officer & Executive VP