Posted on 04/27/2020 10:14:33 PM PDT by Vendome
"The health crisis is unlike anything we have ever experienced," Calhoun said, before detailing just how far the air travel industry has fallen. With passenger demand down more than 95% from early March, airlines in the U.S. have parked more than 2,800 planes, and airlines globally are on pace to lose $314 billion this year, according to the International Air Transport Association.
As a result, Calhoun says airlines are "grounding fleets, deferring airplane orders, postponing acceptance of completed orders, and slowing down or stopping payments."
Calhoun says, "It will take two to three years for travel to return to 2019 levels and an additional few years beyond that for the industry's long-term growth trend to return." When the turmoil in the airline industry does stabilize, he says "the commercial market will be smaller, and our customers' needs will be different."
(Excerpt) Read more at npr.org ...
“Sadly I agree with him. People are going to be very leery about flying and breathing recycled air”
...and notice how he doesn’t even ATTEMPT to deal with the biggest (and most legitimate) fear people have regarding spending 12 hours in a tube - having to breathe the same air over and over again. And all to save a tiny bit of fuel...
“Well, let me test your theory against mine.”
People still think the virus will literally disappear overnight. Short of an effective, and safe, vaccine, that won’t be the case. People may start to fly a bit - then BOOM!, a new breakout, and quarantines all over the world.
Try getting getting the back the 90% of air travelers that don’t really need to be traveling under those conditions.
Ability to work independently from home is officially on the hiring criteria for hubby’s firm now.
I’m betting they’re not alone in this.
Not everyone can or will be able to work productively from home. Those positions will be limited at hubby’s company going forward.
Somewhere around 1/2 of all flights result in a hotel room, too. And local food joints around said hotels. And car rentals.
The unemployment is just getting started. Bankruptcies and housing crash will follow. Then more jobs lost from them. States and counties will lay off many people from crashing receipts. Etc. It’s not something you can turn off, or throw money at.
The economic disease purposely launched will take several years to run its course. It will be devestating. The middle class and below are not immune. Federal employees are, it seems.
Exactly. All of a sudden, Airbus has a modernized, readily available, A+ product in every single category (A220/A320 neo and XLR/A330 neo/A350) while Boeing has only the 777X and 787. What exactly has Boeing management been focusing on since moving to Chicago? Buying off Democrat politicians and procurement officers at the Pentagon?
“It will take two to three years for travel to return to 2019 levels”.
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Maybe he should have his airplanes crash a few more times, use fake data to justify their haphazard inspections. That should bring the people around to want to fly again.
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