Boeing CEO Only Sees Airline Capacity at 25% by September
Boeing Co. (NYSE: BA) president and CEO Dave Calhoun said he thinks airline passenger traffic levels will only be at 25% around September, in an interview with NBC News. Calhoun went on to say, "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," according to a CNBC report.
In its April 14, 2020, assessment of the state of the industry, the International Air Transport Agency (IATA), a trade association for the world's airlines, said the COVID-19 pandemic would cause passenger revenue to drop 55% compared to 2019, or up to $314 billion.
Source Fool.com
