PANDEMIC/BIZNEWS: Impact on Airlines?

[dewline]

They're actually going in for fleet reductions at the airlines, aren't they?

Ranging from the optimistic - from airlines' management and investors' POV - to the drastic:

https://www.forbes.com/sites/willhorton1/2020/04/14/airlines-retire-aircraft-but-its-not-as-bad-as-you-think--covid-19-perspective/#33b829b71f6f

https://thepointsguy.com/news/american-airlines-accelerates-boeing-757-767-retirements-due-to-coronavirus/

https://www.cnbc.com/2020/03/15/american-airlines-cuts-international-capacity-by-75percent-as-demand-collapses.html

https://business.financialpost.com/transportation/airlines/air-canada-posts-adjusted-quarterly-loss-on-pandemic-woes

Comments

[thewayne]

The funny thing is that Boeing said it was planning to resume production on the 737Max. I'm sitting here thinking 'who is going to be buying/leasing them?' All of the airlines are running minimal flights, no one is going to be expanding/upgrading their fleets for years.

Boeing is in serious trouble. Then again, Airbus is in similar straits, but they don't have the 737 albatross around their neck.

[dewline]

Bombardier got out of commercial aviation just in time, it seems. Selling out their commercial aviation arm to Mitsubish and Airbus last year as they did...

[thewayne]

They were really lucky on their timing!