Etihad Sees $1.87B Annual Loss

The transcript discusses the challenges faced by the aviation industry, particularly Gulf carriers, due to massive losses, changing business models, and political shifts. It highlights the initial shock of losses, the impact of new market dynamics, and the decline in premium traffic. The discussion also covers the need for fair competition and the influence of political factors, such as US open skies policies and the Trump administration's stance.

What factors contribute to the surprise regarding the massive losses in the aviation industry?

In what ways are the business models of airlines changing globally?

How have Gulf carriers been affected by changes in premium traffic over the last four years?

What are the implications of the cancellation of codeshare agreements between American Airlines and Gulf carriers?

What is the significance of the political shift mentioned in relation to US carriers and Gulf carriers?