Sector Shutdown
The Bottom Line
BBC
4.6 • 615 Ratings
🗓️ 11 December 2020
⏱️ 28 minutes
🧾️ Download transcript
Summary
How are industries like live music, travel, conferences and events coping with the pandemic recession - and what plans do they have for survival? These business sectors have been hit disproportionately hard by the dramatic changes in our ways of life. In a programme recorded before the recent announcement of an apparently successful vaccine trial, Evan Davis discusses with business leaders from across these industries. Producer: Julie Ball
GUESTS
Tim Hawkins, Chief Strategy Officer, Manchester Airports Group
Charlotte Gough, Divisional Director, Corporates, MCI Group
Peter Marks, Chief Executive, The Deltic Group
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:05.1 | Hello, welcome to the programme and I want to focus on what one might call the devastated today, |
| 0:10.8 | the sectors among the hardest hits, sectors that clearly have a future, but have very little |
| 0:16.7 | of a present thanks to COVID. Those who are working in or running companies in those sectors |
| 0:21.6 | can only stand and behold the destruction of value. So today we're going to take a close look |
| 0:26.4 | at three of the Devastato, airports, conferences and events, and nightclubs. We'll have a chat |
| 0:33.7 | with a prominent name from each of those sectors and then compare and contrast the |
| 0:37.9 | stories. And let us start with airports. Tim Hawkins, Chief Strategy Officer at Manchester Airport's |
| 0:43.9 | Group. Tim, why don't you describe what's in Manchester Airport Group? Because it's a lot more than |
| 0:48.4 | Manchester Airport now. Yeah. Well, it's Manchester Airport, as you say. London, Stansted and East |
| 0:53.9 | Midlands. and we also have |
| 0:55.2 | a small business that we're growing in the United States. |
| 0:59.1 | Employing how many directly and indirectly? |
| 1:02.1 | We employ around 7,000 people in the management of those airports, but typically that's usually |
| 1:07.7 | about 10% of the total number of people working at airports. |
| 1:12.2 | You know, you see a factor of about 10 greater. |
| 1:14.8 | So there's about 70,000 people working across those three sites. |
| 1:18.9 | How would you have described the state of the business before COVID? |
| 1:22.4 | Really healthy. |
| 1:23.5 | We had around 62 million passengers in 2019. |
| 1:28.2 | We typically seen growth of 5 to 10% over the last five years. |
| 1:32.9 | So we were tracking along very nicely, developing new connections, developing new routes. |
... |
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