GLG Network Survey: European Airline Executives II

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The GLG Surveys team interviewed 50 European Airline Executives across Europe.

What will you learn from this survey?

  • This survey revisited topics explored in the first wave 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 February 2021, 82% of the respondents mentioned that the air travel passenger numbers will return to pre-COVID levels in 2023 or later, compared to only 30% reported 6 months ago.
  • 72% of the expert base think that low-cost airlines will recover most quickly compared to 42% reported in the initial survey conducted in August 2020.
  • 50% of the sample stated that the airline’s capital expenditure over the next 6 months will decrease significantly, up from 20% reported in August 2020.


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

The standard deliverable includes:

  • 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 Network Member via webcast (optional).


  • Over the next 6 months, how likely do you think passengers will respond positively to incentives offered by airlines to encourage passengers to resume travel (e.g., price reductions, loyalty points, bonus miles)?
  • How likely will the vaccine roll out across Europe enable the market to start recovery in H2 2021?
  • What do you think will happen to ticket fare prices over the next 3 to 6 months?
  • How likely will the business travel be affected long term with remote virtual meetings reducing the requirement to travel?
  • How will the liquidity and financial performance of airlines affect the amount of aircraft leasing over the next 6-12 months?
  • In your view, which airlines are best positioned for recovery?
  • In Europe, thinking about the summer of 2021 (Q2&Q3), what is the anticipated percentage increase in seats compared to same period in 2020?
  • Which part of the supply chain to an airline is most vulnerable to financial difficulties as a result of COVID-19?
  • How likely will airlines start and add new routes in 2021 to serve pent up demand for leisure travel?


This survey is available to subscribers of the Energy & 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:

Energy & Industrials (EI)

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    • Questionnaire was drafted by Chris Brereton, an advisor on the European Paper and Packaging Industry and former COO of Group Business/Operational Strategy at DS Smith Plc.
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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 capture in the Network Survey.

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