Opening Address

摘要

1. Traffic decline, parked fleet like no previous shock.1.1 Per Paul Krugman, reflect a world economy recovering from a“medically-induced coma.”2. Backlogs holding up (MAX a concern), but meaningless in a downturn.3. Many early retirements coming, particularly twin aisles.3.1 Primarily twin aisles;A380 bloodbath.4. Aftermarket catastrophe (but faster recovery for Single Aisles).