Frontier CEO is 'optimistic' about tourism industry despite economic uncertainty [MSNBC.com]
Southwest Airlines Company (LUV)
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Source: MSNBC.com
Despite a downturn in foreign tourism and broader economic uncertainty, Frontier CEO Barry Biffle remains optimistic about the budget airline’s future.“People think that there’s some kind of Armageddon going to happen,” Biffle said in an exclusive interview with “NBC ” correspondent Hallie Jackson that airs Sunday. “I think that as we look here today, I’m optimistic.”Travel experts have been sounding the alarm amid President Donald Trump’s global trade war, warning that a year that was initially projected to be profitable for the tourism industry could instead face an economic downturn.Before Trumpannounced a 90-day pausetold lastweek“I think everyone’s prepared for uncertainty,” Bastian said. “If that continues and we don’t get resolution soon, we probably will end up in a recession.”Biffle acknowledged the bleak outlook shared by those in the airline industry.“What’s become clear is, obviously, there’s been some challenges with travel demand, and we’ve seen it in all industries now.
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