Boeing CEO Sees a Major U.S. Airline Going Out of Business in 2020

By Kurt Stolz on 12 May 2020
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Boeing CEO Dave Calhoun said in a televised interview that he believes a major U.S. airline will go out of business this year as the novel coronavirus pandemic continues to decimate air travel.

Speaking on the “The Today Show” on NBC on Tuesday, Calhoun was asked if he thinks “there might be a major U.S. carrier that just has to go out of business” by journalist Savannah Guthrie, and replied, “Yes, most likely.”

The Boeing CEO doesn’t believe that the U.S. aid to airlines will be sufficient to prevent at least one from collapsing.

“Something will happen when September comes around,” he said in the broadcast.  “Traffic levels will not be back to 100%. They won’t even be back to 25%. 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.”

Calhoun did not, however, speculate which airline might end up on the cutting room floor in the course of the interview, nor did Guthrie further probe him on this point.

(Photo: Accura Media Group)

Accura News

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