Boeing CEO Warns Aviation Rebound Will Take Years [zero hedge]
Boeing Company (The) (BA)
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Source: zero hedge
Boeing CEO Warns Aviation Rebound Will Take Years Days after President Trump floated the idea that the US government could purchase five years of airline tickets in bulk as part of a stimulus package for crippled airline carriers, Boeing CEO's Dave Calhoun has warned that air travel growth might not return to pre-corona levels for years. Calhoun made the comments on Monday morning at an annual shareholder meeting. He said it would take 2-3 years for air travel growth to return to pre-corona levels, adding that long term growth trends could take even longer to recover. "Based on what we know now, we expect it will take two to three years for travel to return to 2019 levels and an additional few years beyond that for the industry's long-term trend growth to return," he said. Calhoun said the new reality in a post-corona world is a depressing one for airlines: "...they are making difficult decisions that result in grounding fleets, deferring airplane orders, postponing acceptance of comp
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