Tuesday, March 2African Business News
Shadow

Tag: Airline

Boeing boss predicts difficult recovery for industry

Boeing boss predicts difficult recovery for industry

Business
The Chief Executive Officer of Boeing, Dave Calhoun, has predicted that the post-COVID-19 recovery for aviation might take as much as five years.Calhoun also said a major U.S. airline would go under by the end of the year, adding that the threat of COVID-19 on the airline industry was “grave”. Though he did not name any specific airlines in an interview, he predicted that something would happen by September, which is the month when the U.S. government’s payroll aid to the airline industry is set to expire. When that aid expires, it could result in widespread layoffs among various airlines. Calhoun said he doesn’t expect passenger traffic to reach even a quarter of its pre-pandemic levels by September, creating the need for airlines to make adjustments as they weather ...