A Lost Decade For Aircraft Manufacturers, Suppliers. Thanks To COVID19...
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
September 21, 2020 - by Judson Rollins, Bjorn Fehrm & Scott Hamilton for leehamnews.com
Commercial aviation is facing a lost decade due to COVID.
Yes, most forecasts target 2024-2025 as returning to 2019 passenger traffic and aircraft production levels.
However, LNA in July published its own analysis indicating full recovery may not occur until 2028. Breathless headlines notwithstanding, it will take years for vaccines to be widely available and considered safe by enough of the world's population. Growing concern about vaccine production and distribution capacity through 2024 underscores this view.
Even Southwest Airlines CEO Gary Kelly said earlier this month that business travel might not fully return for a decade.
Indeed, the 2020s may well be a lost decade for aircraft manufacturers and...