Until the global media change the narrative to:
'There is a nasty strain of virus trotting around the globe, wash your hands often, sanitise if you can, don't shake hands, but keep calm and carry on' then there is little chance of this situation not changing the airline landscape drastically... I'm all for freedom of speech but when there is no mechanism to control the internet/media reporting and spread of information then there is little chance of containing the panic and fear which leads to a lack of confidence in the travelling public and corporates banning all travel through fear of the legal repercussions if you knowingly send someone for a meeting using airline travel that then turned sour! - Instead - work from home...
Unfortunately, the fixed costs of airlines are not up for negotiation and the burn rate of cash is eye-watering even if you get a 3-month sabbatical on the aircraft lease payments - trading insolvently in the hope this is a short-lived problem is a fool's game that only makes the problem worse when you do go bust.
Investor confidence in anything airline related for the next 5-10 years will be long gone, and lessors will now change their operating models to take account of events like this.
Tighten those straps were in for a bit of severe turbulence!