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12.05.2020 Boeing Daily Analysis

Boeing today is trading $128.91 from $4.53 CEO Dave Calhoun said  Air Traffic levels will not be back to 100% by September, he is of the view that

Yazar: editor_1

Yayınlanma: 13 Mayıs 2020 00:35

Güncellenme: 12 Kasım 2024 09:27

12.05.2020 Boeing Daily Analysis

Boeing today is trading $128.91 from $4.53 CEO Dave Calhoun said  Air Traffic levels will not be back to 100% by September, he is of the view that airlines need to make adjustments as they weather the impact of the coronavirus pandemic because he doesn’t think passenger traffic will reach even a quarter of its levels in September. Calhoun during an interview with NBC said "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 airlines." This, therefore, made the share go down.
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