The Economist: Air travel’s sudden collapse will reshape a trillion-dollar industry
Jul 31, 2020
David Stweart, Oliver Wyman Partner and Lead CAVOK Advisor provided Oliver Wyman data on COVID-19's influence on the commercial-aircraft industry.
The pandemic has knocked the airline-industrial complex harder than it has in most sectors.
The engine-makers provide a case in point. Besides lower demand for their kit—Rolls-Royce was gearing up to supply 500 units a year to Airbus but will now probably make 250—they face a collapsing aftermarket for spares and fewer overhauls, points out David Stewart of Oliver Wyman.
Read the Economist’s full article here.