IAG CEO Walsh Says Industry Would Benefit From Consolidation

The video discusses the consolidation trends in the airline industry, comparing the United States and Europe. It highlights the challenges faced by the industry, including market conditions and air traffic control issues. The speaker addresses hedging strategies to manage volatility and the impact of government involvement in airlines. The discussion also covers Brexit and its implications for trade relationships between the UK and the EU.

What is a key difference between airline consolidation in the United States and Europe?

• The US has less consolidation than Europe.

• European consolidation is less competitive.

• Consolidation in the US is more consumer-friendly.

• European consolidation is more measured and consumer-focused.

What is the expected state of the air traffic control environment in Europe for 2019?

• Significantly improved from 2018

• Completely resolved

• Worse than 2018

• Similar to 2018

How does the speaker view government ownership in airlines?

• Governments are excellent shareholders.

• Governments should have more control over airlines.

• Governments' objectives often conflict with airline needs.

• Government ownership leads to better airline performance.

What is the speaker's stance on Brexit?

• The speaker supports Brexit.

• The speaker voted to remain in the EU.

• The speaker is indifferent to Brexit.

• The speaker believes Brexit will not happen.

What is the speaker's outlook on the future trading relationship between the UK and the EU?

• It will not change from the current state.

• It should be positive and functional.

• It will be completely severed.

• It will be negative and problematic.