Another long article - https://www.businessinsider.com/ge-stock-price-after-job-cuts-coronavirus-2020-5
GE had "Neutron Jack" 20 - 30 years ago, but he can't hold a candle to "Cobalt Culp". It ain't nothing for the new guy to sell everything and layoff people in the tens of thousands. It's a wasteland.
GE was one of the biggest key players in the world we lived in before the pandemic. Now that world is gone and the new world we will all have to live in after this, GE will not be able to be a key player in. GE grew with the times and adjusted with it because it was also creating it. Now it's too big, out of shape, and badly damaged. It can't recover quick enough to adapt with the rapid changes that are coming. Air travel as we have known it will not be back if ever for a very long time. Society will not be able to bring themselves to trust it in such a tight area. Maybe boat travel will become a thing again. Gives enough time for symptoms to show up. Air Travel is what made it so easy for the virus to travel. Can't ignore that. An airliner that is half full doesn't make enough money for the airline company to stay in business. This is common sense. The only way GE is going to recover quickly is if they quickly find another use for its products that is going to be a growing demand in the near future. What other use does an aircraft jet engine that's designed for the 737 Max have that will grow in the near future? If you can answer that, then we'll be fine. Unfortunately I don't think anybody can come up with a good answer for that question.
That's not the whole story either. International air travel could be shutdown another year. The rest of this year anyway. The 737MAX hasn't been given the green light yet, but when it is, we already have enough in storage for domestic travel. We put pressure on our vendors to ramp up production for our Supply Chain, they made major investments to keep us supplied, and now they are left high and dry. This year and next will be very trying times for us in the Aviation industry.