Dave Calhoun, president of Boeing
Adam Jeffery | CNBC
The slow roll-out of vaccines against Covid-19 will prolong a long-awaited recovery in travel demand until mid- to late summer, Boeing CEO Dave Calhoun said Wednesday.
The aircraft maker recorded a record annual net loss for 2020, as the pandemic pushed airlines to suspend or reduce plans to add new aircraft to their fleets. Governments around the world set strict travel restrictions in 2020 and potential passengers undo vacations and business trips.
“I think we all hoped the vaccine distribution would go a little more smoothly,” Calhoun said in an interview with CNBC’s “Squawk on the Street.”
Calhoun said he expects demand for both leisure and business travel to be solid once more people are vaccinated, but that the process will take a few more months.