The aerospace industry is on pace for a full recovery in the next three years, with demand already rebounding in the second half of 2021 compared with Covid-19 pandemic-related lows, according to Arconic's top executive.
"While [aerospace] remains the biggest question mark in our portfolio, we believe that question really just boils down to timing. We fully expect the industry to return to pre-pandemic levels and are encouraged by indicators in the market today. We believe we are headed for full recovery in the 2023-2024 timeframe," Arconic chief executive officer Tim Myers said in an earnings call to discuss the company's second-quarter results on Tuesday August 3."We...