.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.
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.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »