Boeing CEO, Dave Calhoun appeared on an exclusive interview with NBC hosted by Savannah Guthrie, in which he expressed his concerns about the current situation of the airline industry. He said that the current times are almost Apocalyptic.
Covid-19 posing major threat to airlines
Calhoun added, that, when the Stimulus package provided by the government finishes by September, one of the leading airlines may run out of business. It will be harsh as thousands of people will lose their jobs as there would be minimal air travel in the coming times.
Boeing clarified no reference to specific airlines.
Though Calhoun said that one airline is going to go out of business, the Boeing Spokesperson, Gordon Johnroe made it clear that the Boeing CEO did not comment on reference to any particular company but expressed his views on the airlines’ industry as a whole.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
Tumultuous times for Aviation Industry
The lockdown period has been tumultuous for the airlines as there has been no air travel. Now the situation is slightly better as restrictions lift; however, the status is still grim. Moreover, airlines need to pay extra attention to sanitization, spaced seating, face masks, and higher safety measures, which can pose additional costs.
Airlines need to focus on safety measures
Calhoun further added that the airline industry needs to strengthen the health and safety measures as they play a vital role in the fight against a slow rate of growth. He also cited that airlines would be able to get to the 50 percent capacity no sooner than the end of this year.
Still Hopeful of return to the past growth rate
He said, “As long as we can demonstrate the safety of our experience, we believe we can return to a growth rate similar to the past.”