Alan BoyleGeekWireMay 11, 2020, 7:06 PM CDT
Boeing’s president and CEO, David Calhoun, acknowledged during an NBC News interview with “Today” host Savannah Guthrie that a major U.S. airline will “most likely” go out of business due to fallout from the coronavirus outbreak.
- In reply to a question from Guthrie, Calhoun said, “Something will happen when September comes around. Traffic levels will not be back to 100%. They won’t even be back to 25.”
- It might take until the end of the year for levels to approach 50%, “so there will definitely be adjustments that have to be made on the part of the airlines,” Calhoun said in an excerpt from the interview. (Update for 11:30 a.m. PT May 12:We’ve added the video of the full interview, aired by “Today.”)