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Late August around 2/3rds of aircraft in service.
https://www.cirium.com/thoughtcloud/covid-19-navigating-the-flight-plan-to-recovery-daily-update/
Thegame316, good post but specifically we do not know % of flights for RR engines ( long haul mainly ) This is the precious detail we need to make a a safer assumption
As long as air travel is over 50% of 2019 levels then there is nothing to worry about. In RR's base case scenario they are assuming air travel will reach 70% by 2021. If this happens then no further funding is required. At the current rate of about 1% increase every 2/3 weeks then 70% will be hit by the end of 2020.
There is an article of flight tracker that states that out of the 3 major engines the Trent 7000 is being utilized the most on the A330 as that is the engine that most carriers in Asia Pacific use.
As everyone know air travel in that region is near enough back to 2019 levels and guess which aerospace company is the market leader over there when it comes to supplying jet engines....
At this rate the market cap will be less than they are selling ITP Aero for !!!!
We are being shaft*d atm. 38.6% down
57.5 is commercial flights ... total flights is 75% .... Ive had a look through some freighter websites and they are saying that air freight is actually up in some regions. Another interesting fact is that pure freighter planes are maxed out at the moment because a lot of freight would normally go in passenger airplane bellys. Some passenger planes have been converted to freighter only; but I can't get much data on that only seen a number of articles about it.
The commercial graph is more relevant
I make it 57.5% ( 7 day average) to same time last year and the graph shows a comparison now between 2019 and 2020 and you can clearly see the gap narrowing and with these 15 min tests hopefully being adopted this could accelerate somewhat. https://www.flightradar24.com/data/statistics
Flight radar has total daily flights at about 75% of 2019 levels since early august compared to 25% in April at the height of lockdown. Now of course we cant directly correlate that to RR engines in use but things simply arent as bad as some people are making out in civil aerospace.
Anyone know were you can find freight flight statistics ? I have a feeling there has been a dramatic increase here
oops start lol
Only 11p more to drop and i will stare buying for the medium term 1.....5 years
Its divimg now, but it is robust to survive as there work is a niche market and only GE are there competitors
If Air travel does not recover only are they doomed, and if they dont recover the world will be in anarchy and restriction of movement will create civil unrest.
Its like equities always drop during recession and always pick up during boom.
Too many think it is a one trick pony when it isn't !
Air planes are flying, RR is diving, or dying. This is a one trick pony company..
Yes this situation will become more widespread going forward for sure , more airlines, airports, governments will adopt this policy and testing kits will slowly achieve a better accuracy percentage. This is the way forward for sure for this industry. I just hope governments around the world can agree on something mutual and stop pretending their standards are better than the next country.
https://www.npr.org/sections/coronavirus-live-updates/2020/09/24/916541587/united-airlines-says-it-will-offer-travelers-coronavirus-tests-at-the-airport?t=1601018359965
I think more airlines will be doing the same soon.