
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
February 25, 2021: A new app is set to launch in the upcoming weeks, which marks its first step to resuming quarantine-free international travel.
The International Air Travel Association (IATA) travel app will permit the governments and airlines to digitally collect, access, and share information on individual passengers’ Covid-19 test and vaccination status.
The industry body, of which 290 airlines are members, said the tool would make the health documentation checks efficient while it speeds up the recovery of the hard-hit travel sector.
“It’s really about digitizing an existing process,” Nick Careen, IATA’s senior vice president for airport passenger cargo and security, told CNBC on Wednesday.
Singapore Airlines will be the first carrier to pilot the tool on an end-to-end London Heathrow route. Thirty other airlines that include Air New Zealand, Emirates, and Etihad in the UAE, are ready to conduct trials in March and April.
IATA is not the only one to develop digital health passports that intends to restart cross-border travel. International agencies, governments, and tech companies are all also taking part. But Careen said he hopes the app will establish a “minimum set of requirements” to allow for greater interoperability.
“Eventually, you’ll see multiple people in this space,” Careen said, “but we’re setting the baseline in terms of what the standard needs to be.”
With the new app and continues vaccine rollouts, the global airline association estimates that travel could reach around 50% of 2019 levels by the year-end.
Analysts had expected a more significant pick-up in traveling previously in early 2021, but the virus’s continued spread and the coronavirus new strains have pushed back those expectations.
“That’s the current economic forecast,” said Careen. “There’s a lot of variables that play into that.”
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
April 29, 2025: Mark Carney has secured a decisive victory in Canada’s federal election, returning to national leadership after years at the helm of major central banks.
April 24, 2025: Silicon Valley is experiencing a sharp recalibration in artificial intelligence investment, with signs of AI fatigue emerging across venture capital
April 23, 2025: The Canadian government has introduced new legislation to regulate the use of artificial intelligence in education and healthcare, focusing on accountability,
April 17, 2025: Prime Minister Justin Trudeau s government is under growing political pressure over its current immigration strategy.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you