Fasten your seatbelt: Boeing CEO warns it could be ‘years’ before aviation industry recovers from Covid-19 financial turbulence ...United Arab Emirates

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Fasten your seatbelt: Boeing CEO warns it could be ‘years’ before aviation industry recovers from Covid-19 financial turbulence
Boeing CEO David Calhoun told an online meeting of the aviation giant’s shareholders it would be “a while before the dividend comes back,” describing the situation as “like nothing we have ever experienced.” “It will be years before this returns to pre-pandemic levels. We are in an unpredictable and fast-changing environment, and it is difficult to estimate when the situation will stabilize,” Calhoun warned. On top of that, he said, when the situation does get better “the commercial market will be smaller, and our customers’ needs will be different.” Calhoun told investors on Monday the situation is “like nothing we have ever experienc

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