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Boeing CEO: Could take 5 years for airlines to experience growth again
Boeing CEO: Coronavirus set air traffic levels back 3 years
Boeing President and CEO David Calhoun discusses aviation recovery amid coronavirus, its set back with 737 Max complications and supporting suppliers.
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Boeing CEO David Calhoun said Friday it could take years for the aviation industry to return to normal traffic levels and resume growth, both of which have been decimated by the novel coronavirus pandemic.
Major airlines have taken a huge hit due to a reduction in travel brought on by the outbreak of the virus, which forced travelers worldwide to observe stay-at-home orders and brought air traffic to a standstill.
SOUTHWEST AIRLINES CO.
"If I survey all of our customers and I start here in the U.S., and of course we do … most are trying to dial in a return of about 30 [percent] to 50 percent by the end of this year," Calhoun said. "A lot's going to depend on how the public responds to the safety of airline cabins, etc."