Boeing CEO 'hopeful' aircraft demand starts to recover in second half of 2021

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Boeing said it plans to cut production of widebody 787s and delay a ramp-up of its key 737 Max, which has been grounded since March 2019.

CEO Dave Calhoun on Wednesday said he was "hopeful" that demand for new aircraft, devastated by the coronavirus pandemic, would start rebounding in the second half of next year.

Cancellations of Boeing planes are outpacing new orders this year as airlines reel from the impact of the virus and the company's key 737 Max remains grounded. Calhoun said he expects an uneven recovery from the pandemic for airlines around the world and that carriers that emerge healthy might want to gain an advantage over competitors with newer planes, driving demand.

"China, Europe seem to have a little more control over their environments than the U.S. does at the moment," Calhoun said in an interview with CNBC's " ." "It'll happen and I believe somewhere in, depending on a vaccine and the success and distribution of a vaccine, somewhere in the second half of next year I'm hopeful that this worm turns."

 

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I bought more $DIA FingersCrossed

SquawkStreet How are you all not commenting on this $KODK news. Something is not kosher about the deal and the price action.

Lebeaucarnews Am I sensing that Boeing is no longer in a hurry to get the MAX re-certified? Didn't seem to bother Calhoun, instead he's reaping heaps of compliments on the FAA.... If we didn't have COVID, he would surely being sweating blood due to pressure from customers to deliver...

If you want the airplanes out of the Boneyard then get rid of the useless face mask policy and people will return to the skies. When they returned to the skies the airlines will produce more flight schedules. More flight schedules equals more aircraft manufacturing. Boeing

The airline industry was bailed out for to support a flailing travel industry. Leisure travel fell 98%. People don’t have jobs. I’m sure people thinking about their next vacation rn.

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