How Airlines Park Thousands Of Planes

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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. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC http://www.youtube.com/results?search_query=%23CNBC How Airlines Park Thousands Of Planes