Originally Posted by
Less Hair
Sad news but not just Corona related is it?
Hmmm.
From the linked article:
This morning's job losses are hardly unexpected - airlines have cut their flying hours by 90% or more, and Airbus and Boeing have slashed their production numbers for the next few years
Air travel has ground to a virtual standstill since the coronavirus began spreading across the world and many airlines have announced steep job cuts.
Global air traffic is expected to decline by 45% this year, according to investment bank Baird. It also forecasts that airlines are expected to lose $310bn (£253bn) in revenue in 2020.
Rolls-Royce said the impact of the pandemic on the company and the whole of the aviation industry "is unprecedented".
It added that it is "increasingly clear that activity in the commercial aerospace market will take several years to return to the levels seen just a few months ago".
Does that help ?