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Recovery not expected to return to 2019 level until 2024

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Aviation Week Network
Air Transport Digest
 
Karen Walker

Commercial air travel numbers are not expected to return to 2019 levels until 2024 as the outlook for the pace of recovery becomes more pessimistic.
 
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3,200 planes sat at American airports this spring as the COVID-19 pandemic raged. Airlines slashed fleets, routes, and began preparing to slash their workforce – some by 45 percent. Just last year the industry was facing a pilot shortage, with estimates of 200,000 pilots needed by 2038. But with fewer flights and the pandemic continuing, there’s too many pilots and aviation students who are preparing for turbulence in the job market.
 
Sean Broderick

U.S. operators that have made the Boeing 737 MAX a major part of future fleet plans are reshuffling delivery schedules to match lower demand and the model’s prolonged grounding, but a lack of cancellations underscores their unwavering confidence in the troubled narrowbody.
 
 
Sean Broderick

Commercial aviation’s pandemic-driven downturn appears to have hit its low point during the 2020 second quarter (Q2), but signs point to a slow and unsteady recovery that will last until at least 2024, Raytheon Technologies Corp. (RTX) executives said. 
 
GALLERY
Linda Blachly

Here is a look at some of the more colorful and fun special liveries through the years.
 
AWIN ANALYSIS
From British Airways cabin crew union threatening to strike to Pratt & Whitney landing JetBlue V2500 long-term services agreement and more. A roundup of Aviation Daily news.
 
Linda Blachly

As aircraft interior companies search for new designs to ensure passengers that flying is safe, many have begun partnerships to address all three major concerns in the COVID-19-era aircraft cabin—anti-microbial surfaces, physical separation and respiratory protection.
 
 
Flight Paths Forward: A detailed examination of the future of the aerospace industry as we begin to climb out of the COVID-19 crisis. Join us for two weeks of virtual content including in-depth reports, videos, webinars, CEO interviews and technology-focused podcasts.
 
PREMIUM CONTENT Powered by Aviation Week Intelligence Network (AWIN)
 














 
 
FEATURED WEBINAR
 
As Chairman and CEO at Airbus Americas, Jeff Knittel is at the forefront of the conversation surrounding aircraft systems that will help ensure hygiene safety for passengers and crews. Reporting directly to Airbus CEO Guillaume Faury, Knittel is responsible for Airbus’ commercial aircraft business in North America and provides leadership for the company’s helicopter, defense and space businesses in North America.

Join ATW and Group Air Transport Editor-in-Chief Karen Walker as she sits down with Knittel for an interactive discussion around the challenges the market is currently facing, such as:

  • How can US airlines leverage their strong financial positions as they entered the pandemic crisis?
  • How will they adapt to a changed market?
  • What technology innovations are being pursued to further increase hygiene standards throughout the travel journey?
 
CAPA ANALYSIS
During the COVID-19 crisis Delta Air Lines has raised the equivalent of 19 months of liquidity, and believes it has manageable debt payments occurring over the course of the next year. 
 
IN CASE YOU MISSED IT
 
Ben Goldstein

Southwest Airlines will refrain from laying off workers or cutting pay rates and benefits through year end, despite persistently weak customer demand caused by the COVID-19 pandemic.
 

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