A major US airline could fail by the end of the year, Boeing CEO David Calhoun warned on Monday, as demand for air traffic remains near bottom due to the coronavirus pandemic.The comment came during a pre-taped interview with Savannah Guthrie, host of NBC's "Today," which"You know, something will happen when September comes around." he told NBC. "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%.
Airlines worldwide are facing a collapse in travel demand both internationally and domestically as travel bans, shelter-in-place advisories, and corporate travel suspensions remain in effect. While acknowledging the severity of the situation, Calhoun was also optimistic about the industry's long-term recovery.
Boeing will probably collapse first.
They shouldn't of took all the profits out of the business for years,, own fault, zero sympathy 🤷♂️
British Airways
Could?
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Boeing CEO Warns A Major Airline Will ‘Most Likely’ Go Out Of Business This Year Because Of CoronavirusI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you. Help!!! My friends and I are optimizing our keychain online store to make it more suitable for Europeans and Americans. We would like some kind people to review our store and give us feedback. Your support would be greatly appreciated. The link to our store is on my profile. Should have saved some of the billion dollar profits you earn every quarter and throw it in our faces. aww man!! What a shame. US-based airlines are such high-quality, comfortable experiences with super courteous staff
Source: Forbes - 🏆 394. / 53 Read more »
Boeing CEO predicts coronavirus pandemic will claim a major U.S. airline. He didn't name namesWith anemic passenger counts and no signs travel will rebound quickly from the coronavirus pandemic, airlines are fighting for their financial lives Beautiful clean trains 🚉 Okay Грустная новость
Source: USATODAY - 🏆 100. / 63 Read more »
Boeing CEO Warns A Major Airline Will ‘Most Likely’ Go Out Of Business This Year Because Of CoronavirusI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you. So Republicans stress personal responsibility and how Americans (making $7-$12hr should have saved months for a rainy day) but billion dollar companies will file bankruptcy for a few months of less profit. I bet the big wigs of those companies make out like fat cats. Boeing Boeing gone!!!! Good, we lose a few airlines and the competition gets stiffer among those still in business. Republicans have always championed a free market, let’s see how you like it when it kills your business and spares your competitors. What say you, free market conservatives?
Source: Forbes - 🏆 394. / 53 Read more »
Qantas pauses plane deliveries from Airbus, Boeing due to virusQantas Airways Ltd said on Monday it had advised Airbus SE and Boeing Co that it did not expect to take delivery of any new planes in the near term as it grapples with a plunge in demand due to the coronavirus pandemic. The fools get in line to buy the dead stocks. And yet, QantasUSA Qantas wants an exemption so they can fly full flights when COVID-19 restrictions ease. Fucked up. Hello
Source: Reuters - 🏆 2. / 97 Read more »
Former Google CEO Eric Schmidt has cut last ties with Alphabet: reportIt's apparently the end of an era in Silicon Valley, as former Google chief executive and chairman Eric Schmidt has cut his last ties to the tech giant, CNet has reported. Schmidt left his role as a technical adviser to Alphabet Inc. in February, CNet reported Saturday, citing a person familiar with the situation. Schmidt was named CEO of Google in 2001, guiding it through its spectacular 2004 IPO and its years of explosive growth until stepping down in 2011. He served as executive chairman until 2017. Schmidt is currently chairman of a pair of defense-related initiatives, and advises the military on how to upgrade its technology. He has also recently been enlisted by New York Gov. Andrew Cuomo to head a commission tasked with "reimagining" the path of state's recovery after the coronavirus pandemic. Fire up the conspiracy theory machine. So sorry, not.
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla CEO Elon Musk says he has restarted California factoryFREMONT, Calif. (AP) — Tesla CEO Elon Musk confirmed on Twitter Monday that the company has restarted its California factory in violation of local government orders. Musk asked in the afternoon... From his home its an easy decision. Put him on the line and share their facilities ie restrooms and canteen. I didnt think so. Is elonmusk at work? Is he gambling his baby will stay healthy if he brings the virus home? He has said that employees who feel scared don't have to go to work. He can make all the money he wants. Don't care about, but at least the employees who need money has a job again to go to.
Source: AP - 🏆 728. / 51 Read more »