• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Boeing CEO Describes Current Threat to the Airline Industry as ‘Apocalyptic’

Boeing CEO Describes Current Threat to the Airline Industry as ‘Apocalyptic’

May 12, 2020
‘No Great Big Grand Final Bargain’: Brit Hume Says Deal With China Still ‘Has A Long Way To Go’

‘No Great Big Grand Final Bargain’: Brit Hume Says Deal With China Still ‘Has A Long Way To Go’

June 11, 2025
‘Who’s Gonna Do Your Manicure?’: Jessica Tarlov Yells As Watters Presses On Deportations

‘Who’s Gonna Do Your Manicure?’: Jessica Tarlov Yells As Watters Presses On Deportations

June 11, 2025
Big Tech Whistles Along While World Rides Trump-Musk Rollercoaster

Big Tech Whistles Along While World Rides Trump-Musk Rollercoaster

June 11, 2025
Democrat Rep Goes On Unhinged Rant About Her Own Lady Parts

Democrat Rep Goes On Unhinged Rant About Her Own Lady Parts

June 11, 2025
Air Force Loses Appetite For Shiny Fighter Jet With Huge Price Tag

Air Force Loses Appetite For Shiny Fighter Jet With Huge Price Tag

June 11, 2025
State Department Authorizes Middle East Evacuations As Iran Speculation Swirls

State Department Authorizes Middle East Evacuations As Iran Speculation Swirls

June 11, 2025
Maxine Waters Blames Trump For LA Violence She Previously Claimed Wasn’t Even Happening

Maxine Waters Blames Trump For LA Violence She Previously Claimed Wasn’t Even Happening

June 11, 2025
FBI Admits What Its Fmr Director Wouldn’t Say About Biden’s Afghanistan Withdrawal

FBI Admits What Its Fmr Director Wouldn’t Say About Biden’s Afghanistan Withdrawal

June 11, 2025
EXCLUSIVE: ‘Right Thing To Do’: Thune Goes To Mat For Medicaid Reforms In ‘Big, Beautiful’ Bill

EXCLUSIVE: ‘Right Thing To Do’: Thune Goes To Mat For Medicaid Reforms In ‘Big, Beautiful’ Bill

June 11, 2025
Beach Boys’ Brian Wilson Dies at 82

Beach Boys’ Brian Wilson Dies at 82

June 11, 2025
REP MICHAEL CLOUD: It’s Time To Get Serious About Ending Washington’s Wasteful Spending

REP MICHAEL CLOUD: It’s Time To Get Serious About Ending Washington’s Wasteful Spending

June 11, 2025
EXCLUSIVE: Conservative Groups Urge Senate To Finally Confirm Trump’s IRS Chief, Root Out Obama-Era Deep Staters

EXCLUSIVE: Conservative Groups Urge Senate To Finally Confirm Trump’s IRS Chief, Root Out Obama-Era Deep Staters

June 11, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Thursday, June 12, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home IJR

Boeing CEO Describes Current Threat to the Airline Industry as ‘Apocalyptic’

by Savannah Rychcik
May 12, 2020
in IJR
245 7
0
Boeing CEO Describes Current Threat to the Airline Industry as ‘Apocalyptic’
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The coronavirus pandemic is hitting the airline industry hard, and Boeing CEO David Calhoun is not taking it lightly.

Savannah Guthrie, co-host of NBC’s “Today” asked Calhoun how “grave” the threat is to the airline industry.

Calhoun claimed the situation at the moment is “apocalyptic” but is optimistic it will not be the situation for the recovery.

“Well it is grave, there’s no question about it. Apocalyptic does actually accurately describe the moment,” Calhoun said. “I don’t think it describes the recovery and I don’t think it describes the medium or long term for the airline industry or aviation in general.”

Check out his comments below:

“(The threat to the industry) is grave. There’s no question about it, and ‘apocalyptic’ does actually accurately describe the moment. … We believe we will return to a growth rate similar to the past, but it might take us 3, 5 years to get there.” -Boeing CEO David Calhoun pic.twitter.com/JOokJXAMy9

— TODAY (@TODAYshow) May 12, 2020

Calhoun is hopeful as Americans begin to return to everyday life, they will also begin to travel again.

As the airlines demonstrate the safety of flying, Calhoun believes they will return to a growth rate similar to the past. He expressed his belief it could take three to five years to return to that rate.

Guthrie noted the money the government is using to bail out the airlines is going to run out in September. She asked Calhoun if he thinks the airlines will survive and whether or not a major carrier will go out of business.

“Well, I don’t want to get too predictive on that subject, but yes most likely. Something will happen when September comes around,” Calhoun said.

He added, “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 airline.”

Watch his comments below:

“The money the government used to bail out the airlines runs out in September. … Do you expect the airlines to be able to survive this? Do you think there might be a major US carrier that has to go out of business?” @savannahguthrie asks Boeing CEO David Calhoun pic.twitter.com/Dn7prsCAPs

— TODAY (@TODAYshow) May 12, 2020

In March, Treasury Secretary Steve Mnuchin announced taxpayers will be “compensated” for providing assistance to airlines in the form of $25 billion in direct grants, as IJR previously reported.

Tags: Coronavirus Outbreak
Share196Tweet123
Savannah Rychcik

Savannah Rychcik

IJR, Writer

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th