Boeing CEO sees slow recovery for global aviation
Wall Street Journal: Air traffic may not bounce back for two or three years, Boeing Co. Chief Executive David Calhoun said, outlining the tough outlook for global aviation to the plane maker’s shareholders today. “The health crisis is unlike anything we have ever experienced,” Calhoun said at the annual meeting. “It will be years before this returns to pre-pandemic levels.” Calhoun laid out the coronavirus pandemic’s toll on the industry: Global airline revenues are set to drop by $314 billion this year. In the U.S., more than 2,800 planes are idled. Passenger demand is down 95% from last year.

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