By the end of 2020, US airlines will be able to bring passenger traffic from strength to 50% of the level that preceded the pandemic.
This was the forecast made by the head of Boeing Aircraft Corporation, David Calhoun, in an interview with NBC, an excerpt of which was posted on Twitter to this television company on Monday.
Calhoun believes that normalizing US passenger traffic will be long and complex. “Yes, most likely,” the head of Boeing answered the question of whether he would allow bankruptcy of one of the 10 largest air carriers in the country.
“The level of traffic will not recover 100%. Perhaps it will not reach 25%,” Calhoun said, referring to the coming September when the emergency measures taken by the US government to support the US aviation industry during the pandemic will expire. by the end of this year, we will be close to 50%. “
Passenger traffic in the United States fell by almost 95% due to the pandemic. United Airlines and three other leading US airlines have sent over 100,000 employees on voluntary holidays. United Airlines suffered a loss of $ 2.1 billion in the first quarter of 2020, revenue amounted to $ 8 billion, a decrease of 17% compared to the same period in 2019.
The head of the Berkshire Hathaway fund, Warren Buffett, said a week ago that in April he had sold his shares in the four leading US carriers. The total share was 10%, was acquired for $ 7-8 billion in 2016, and sold last month for $ 6.1 billion.
An outbreak caused by a coronavirus disease was recorded at the end of 2019 in Central China and spread to most countries. On March 11, the World Health Organization recognized it as a pandemic. Since the beginning of the pandemic, more than 4 million people have been infected with coronavirus in the world, about 280 thousand have died. All countries and territories were forced to take various emergency measures of a sanitary and epidemiological nature, which led to a deep international economic crisis. According to the IMF forecast, this year a 3% decline will be recorded in the global economy.