Boeing CEO: Air travel won’t return to 2019 level for two to three years

Boeing CEO: Air travel won't return to 2019 level for two to three years

Boeing CEO Dave Calhoun told shareholders Monday the staggering business downturn due to the coronavirus pandemic is likely to impact the company through 2023 and beyond.“We expect it will take two to three years for travel to return to 2019 levels and an additional few years beyond that for the industry’s long-term trend growth to return,” he said.Speaking at the company’s annual meeting of shareholders, which was held virtually because of the pandemic, he added that when the commercial airline market stabilizes, it “will be smaller and our customers’ needs will be different.”He described the…

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