Emirates Airline’s Sir Tim Clark, in an interview with The National, Abu Dhabi, opines that that COVID-19 pandemic is upsetting the airline industry. Even with governments providing massive subsidies to airlines in the U.S. and Europe there will still be several airlines that will fail.

“There wasn’t room for more consolidation,” he added. “State intervention has kept that from happening and it has stopped some of the smaller carriers going out of existence. How long that will go on for I don’t know. I am still not optimistic about the survivability of quite a few carriers.”