Dave Calhoun, the CEO of Boeing expressed his worries about how a slow rollout of the COVID-19 vaccine is affecting the travel industry. He said that a 'much-hoped-for recovery' in travel demand will now be prolonged until mid-to-late summer.
“I think all of us were hoping that vaccine distribution would go a little more smoothly,” Calhoun said in an interview with CNBC.
He explained that leisure and business travel can only boom once the majority of the population is vaccinated, but that will take several more months.
Boeing has recorded an annual net loss for 2020 due to the pandemic. It pushed the airlines to put on hold or scale back projects to add new jets to their fleets.