There is still a lot of confusion about Fortran nowadays. For example most people still believe Fortran has no object orientation, even though it has been around since the Fortran 90 standard. The real problem is that most computer scientists are not trained in it, and would prefer the comfort of C languages. In fact, they even prefer the long and arduous ordeal of porting scientific computing features to C++, rather than learning a true scientific computing language like Fortran that was built around these features. Go figure 
Is it a dead language? Well, NVIDIA is invested in developing parallel Fortran along with C++, and new compilers keep coming out regularly from vendors (Intel, AMD, etc.). Fortran speed is also still a benchmark. It doesn’t mean Fortran will regain its popularity levels of the 80s or 90s, but it is certainly not dead, and very much still relevant.
Ironically, there are also several projects around that aim to simplify/improve C++.