https://www.citizen-times.com/story/news/local/2020/05/06/coronavirus-causes-layoffs-ashevilles-ge-aviation/5176020002/
2 replies (most recent on top)
50% just might be a more realistic number. Across all of GE's commercial aircraft engine manufacturing sites, this year anyway. It will be another couple of years at least to get back on track.
Southwest expects to receive no more than the 27 new 737 MAX aircraft in 2020, which are those that Boeing has already produced. These aircraft are currently sitting in Boeing’s storage facility. They were scheduled to receive 108. Just one example.
http://www.boeing.com/commercial/#/orders-deliveries
Orders down 304 on the MAX. The bread and butter of GE Aviation.
24 orders for the 787 and 2 orders for the 767 are on the bright side.
Of course, in this volatile business, numbers can change. Business will pick back up. When? Too early to tell right now. But this year is toast.
Does anyone really believe that GE Aviation will stop at 25%. The realistic number is closer to 50%. I hope i am wrong but if you look at the financial statements you will come to same conclusion. GE got rid of all the cash flow businesses so no help from corporate. We will burn through the cash at record levels over next two years.