This is another situation where an industry deemed "essential", and unaffected directly by lockdown directives, is still impacted.
While there's some ambiguity, nothing in the state-level lockdowns prevents travel in a meaningful way (it's just a jurisdictional thing). But no one is travelling anyway, because no one is willing to sit in an airplane right now.
And Boeing sees that, and knows the recovery will be slow no matter when the official "end" of the lockdowns arrives.
While there's some ambiguity, nothing in the state-level lockdowns prevents travel in a meaningful way (it's just a jurisdictional thing). But no one is travelling anyway, because no one is willing to sit in an airplane right now.
And Boeing sees that, and knows the recovery will be slow no matter when the official "end" of the lockdowns arrives.