Dave Calhoun, Chairman of Boeing
Adam Jeffery | CNBC
The slow roll-out of Covid-19 vaccinations will extend a much-hoped recovery in travel demand until mid to late summer, Boeing CEO Dave Calhoun said Wednesday.
The aircraft manufacturer posted a record annual net loss for 2020 as the pandemic prompted airlines to put on hold or scaling back plans to add new jets to their fleets. Governments around the world put in place strict travel restrictions in 2020 and potential passengers cut leisure and business travel.
“I think we all hoped that vaccine distribution would go a bit smoother,” Calhoun said in an interview with CNBC’s “Squawk on the Street.”
Calhoun said he expects demand for both leisure and business travel will be robust once people get vaccinated again, but the process will take several more months.