CNBC News Film – How Airlines Park Thousands of Planes
IFA Comment: Nice Report
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.