GLG Network Survey Tracker: European Airline Executives III

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GLG interviewed 50 airline executives across Europe (United Kingdom, Germany, France, Italy and Spain) who discussed the current market landscape and COVID-19 impact in this space.

What will you learn from this survey?

  • This survey revisited topics explored in the first and second waves of the European Airline Executives, providing a wave-by-wave outlook on the industry.
  • The research gathered insights into airlines’ expectations of passenger travel volumes, price trends and possible incentives to encourage travel over the coming months.
  • It also investigated changes to competitive dynamics over the coming year, as airline operators plan for recovery from the impact of COVID-19.

Examples of findings:

  • In August 2021, 78% of the respondents mentioned that the air travel passenger numbers will return to pre-COVID levels in 2023 or later, compared to 82% reported 6 months ago.
  • 82% of the expert base believe that low-cost airlines will recover most quickly, compared to 72% reported in the second survey conducted in February 2021 and 42% reported back in August 2020.
  • 44% of the sample stated that they expect the airline’s capital expenditure will decrease over the next 6 months, down from 76% reported in February 2021.


The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, Martin Lynch, former Head of Commercial Finance at EasyJet.

  • 1 x Individual responses (“raw data”) in Excel.
  • 1 x PPT report with aggregated data.
  • In-depth PowerPoint report of survey findings presented by the GLG Network Member via webcast (optional).


  • Over the next 6 months, which type of incentive do you think airlines are most likely going to give to encourage passengers to resume travel?
  • What do you think will happen to ticket fare prices over the next 3 to 6 months?
  • Which travel market do you think would recover quicker?
  • Which airlines do you feel are susceptible to closure in the next 6-12 months?
  • How likely can traditional airlines adapt and survive in the short term given the significant reduction in capacity for the market particularly in long-haul?
  • Thinking about the upcoming 6 months, do you expect airlines’ profits to decrease or increase from the same period last year?
  • When forecasting airlines’ capital expenditure over the next 6 months, do you expect it to decrease, remain the same, or increase?
  • In your view, which airlines are best positioned for recovery?


This survey is available to subscribers of the Energy and Industrials (EI) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

Request other available and upcoming Network Surveys within the sector:

  • GLG Tracker: Airport Ground Handling III – New!
    • 50 current executives at ground handling operators, airlines and airport operators in the USA, UK, France and Germany discussed planning and forecasting recovering following COVID-19. This is the third wave to follow the second wave conducted in February 2021 and first wave conducted in June 2020.
    • Questionnaire was drafted by Richard van Bruygom, former Head of Strategy, EAS at Etihad Airways, former CEO, Americas at WFS and former President at Swissport.
  • Coal Phase-Out
    • 70 senior executives working at power plants and utility companies in Europe and North America provided their views on the organisational, investment and market implications of the coal phase-out. The survey also gathered insights into alternatives that fuel organisations are planning to use in the future and what prerequisites are missing for the market to become ready for the phase-out of coal.  
    • Questionnaire was drafted by Markus Hatwig, former Head of Group Strategy for the Vattenfall Group.
  • E-Mobility New! 
    • 95 senior executives from the Oil & Gas industry and Automotive industry were interviewed on the topic of e-mobility and electric vehicles charging infrastructure. The survey discussed topics such as the impact EVs will have on Oil and Gas as an industry, in addition to questions around the current state of the EV industry in light of the COVID-19 pandemic.
    • Questionnaire was drafted by Anders Rudlang, CTO at Electric Freeway.
  • Petrochemical 
    • 60 C-level executives working in the petrochemical industry discussed the COVID-19 impact on the sector and provided insights into its performance in the first half of 2021. The research also investigated the current demand issues and prediction for the rest of the year.
    • Questionnaire was drafted by Paul Hodges, Chairman at International eChem. Data released in July 2021.
  • Testing, Inspection and Certification – New!
    • 70 senior executives working at Testing, Inspection and Certification companies within the US and Europe commented on the future of the industry and projected growth as well as the impact of COVID-19 and the disruption in terms of postponements and cancellations.
    • Questionnaire was drafted by Emmanuel-Jean Petit, former CEO at Apave International.



Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription.

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG captures in the Network Survey.

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