IAG CEO Walsh on Coronavirus Impact, Heathrow Runway, Retirement

The video discusses the impact of the coronavirus on airline demand, particularly in Asia and Italy, and how airlines are adjusting capacity in response. It covers the decline in corporate travel and the resilience of leisure travel, as well as the potential for airline failures and market consolidation. The challenges of building a third runway at Heathrow are also addressed, along with a leadership transition in the airline industry.

What factors are contributing to the potential failure of some airlines?

What challenges are associated with the construction of a third runway at Heathrow?

How does the speaker feel about leaving the airline industry?