Boeing CEO Warns A Major Airline Will ‘Most Likely’ Go Out Of Business This Year Because Of Coronavirus

.In an exclusive interview to be aired on NBC on Tuesday, Calhoun said that he doesn’t expect air travel to return to normal this year.

Asked by NBC’s Savannah Guthrie whether an airline might have to fold this year, he replied: “Yes, most likely.” The U.S. government is providing $25 billion in support to hard-hit passenger airlines, in a bid to keep staff employed until at least September, as demand for flights in the U.S. slumped 95% as a result of the pandemic.

But Calhoun believes that this payroll support won’t be enough to stop airlines from having the made adjustments.Calhoun told Guthrie: “Something will happen when September comes around. Traffic levels will not be back to 100%. They won’t even be back to 25%. Maybe by the end of the year we approach 50%. So there will definitely be adjustments that have to be made on the part of the airlines.”

Hey Boeing!!

What an absolute not intelligent or prudent comment/way to say it. Does he have a crystall ball? What happened to the possibilities? Did he say this when they went for the bonds?

aww man!! What a shame. US-based airlines are such high-quality, comfortable experiences with super courteous staff

Should have saved some of the billion dollar profits you earn every quarter and throw it in our faces.

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Boeing CEO Warns A Major Airline Will ‘Most Likely’ Go Out Of Business This Year Because Of CoronavirusI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you. So Republicans stress personal responsibility and how Americans (making $7-$12hr should have saved months for a rainy day) but billion dollar companies will file bankruptcy for a few months of less profit. I bet the big wigs of those companies make out like fat cats. Boeing Boeing gone!!!! Good, we lose a few airlines and the competition gets stiffer among those still in business. Republicans have always championed a free market, let’s see how you like it when it kills your business and spares your competitors. What say you, free market conservatives?
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