A pilot works on a Super Hornet F / A-18F fighter jet, aboard the aircraft carrier USS Nimitz (CVN 68) while at sea on January 18, 2020 off the coast of Baja California, Mexico. Mario Tama | fake pictures Boeing CEO Dave Calhoun said Wednesday that he was confident that …
Read More »Boeing CEO Demand for ‘Optimistic’ Planes Begins to Recover in Second Half of 2021
Dave Calhoun, President of Boeing. Adam Jeffery | CNBC Boeing CEO Dave Calhoun said Wednesday he was “hopeful” that demand for new planes, devastated by the coronavirus pandemic, would begin to pick up in the second half of next year. Cancellations of Boeing planes are outpacing new orders this year …
Read More »Boeing (BA) Q2 2020 Reports Earnings, Warns of New Job Cuts
Boeing said on Wednesday it plans to cut production from planes and warned of further reductions in its workforce as the impact of the coronavirus pandemic affects demand for air travel. The pandemic has caused financial losses for Boeing airline customers and has affected demand for new aircraft. Boeing was …
Read More »International air travel won’t recover until 2024, says airline body
That is one year after the previous screening of the airline agency. The agency, which represents 290 airlines, attributed the slow recovery to several factors, including lack of consumer confidence, declining business travel, and new coronavirus spikes in the United States and elsewhere. The revised benchmark forecast is that international …
Read More »coronavirus policies will create a roller coaster effect
A sign indicating the beach at full capacity is located on Bogatell Beach in Barcelona, Spain. Bloomberg Sudden changes in coronavirus quarantine policies in Europe will have a “roller coaster effect” on airlines and a broader economic recovery, according to the chief executive of low-cost airline Wizz Air. The UK …
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