A major US airline could fail by the end of the year, Boeing CEO David Calhoun warned on Monday, as demand for air traffic remains near bottom due to the coronavirus pandemic.The comment came during a pre-taped interview with Savannah Guthrie, host of NBC's "Today," which"You know, something will happen when September comes around." he told NBC. "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%.
Airlines worldwide are facing a collapse in travel demand both internationally and domestically as travel bans, shelter-in-place advisories, and corporate travel suspensions remain in effect. While acknowledging the severity of the situation, Calhoun was also optimistic about the industry's long-term recovery.
Boeing will probably collapse first.
They shouldn't of took all the profits out of the business for years,, own fault, zero sympathy 🤷♂️
British Airways
Could?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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. Help!!! My friends and I are optimizing our keychain online store to make it more suitable for Europeans and Americans. We would like some kind people to review our store and give us feedback. Your support would be greatly appreciated. The link to our store is on my profile. Should have saved some of the billion dollar profits you earn every quarter and throw it in our faces. aww man!! What a shame. US-based airlines are such high-quality, comfortable experiences with super courteous staff
Source: Forbes - 🏆 394. / 53 Read more »
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?
Source: Forbes - 🏆 394. / 53 Read more »