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Boeing CEO sees a U.S. airline collapsing in 2020

  • "Air traffic levels will not be back to 100% by September. They won't even be back to 25%," Boeing (NYSE:BA) CEO Dave Calhoun said in an interview with NBC to be aired today. "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."
  • Asked by Today show host Savannah Guthrie if a major airline might have to fold, Calhoun replied, "Yes, most likely."
  • Related tickers: AAL, ALGT, ALK, DAL, FRNT, HA, JBLU, LUV, SAVE, UAL

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