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A Goldman Sachs banker who helped clients like Delta and Norwegian Cruise Line raise $120 billion in debt to weather the pandemic shares his 2021 outlook for the travel industry

2 monthes ago   |   By Business Insider

Summary List Placement It's often said that necessity is the mother of innovation - and 2020 has been no exception.
Indeed, innovation in debt financing was key to helping stabilize the global industrials sector - a space that includes giants like airlines and cruise lines. Those businesses saw dramatic drops in revenue throughout 2020 as a result of the coronavirus pandemic.
But one top banker at Goldman Sachs who helped hammer out deals to support the battered travel industry now says the sector has found a way to navigate the turbulence.
Matt McClure, co-head of global industrials...
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