Date: 2024-04-29 Page is: DBtxt003.php txt00020498
Sector / Industries
Airlines
Video ... Impact of the Global Pandemic ... How Airlines Park Thousands Of Planes
Peter Burgess
How Airlines Park Thousands Of Planes
4,038,498 views•Apr 30, 2020
CNBC 2.26M subscribers
The coronavirus has devastated the airline industry. U.S. air travel has dropped 95% compared to last year and the number of flights scheduled globally is down by 63%. More than 16,000 of the world’s commercial aircraft are grounded. These planes can’t just sit idle, they need routine maintenance and a place to be stored. And when you suddenly have thousands of planes with nowhere to go it becomes a logistical nightmare. Here’s a look at how airlines parks thousands of planes and the outlook for the grounded fleet.
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