So what of the future?
It appear entirely conceivable that there will be some pretty serious failures in the travel and tourism industry in the next 12 months, unless there is to be a new global mantra of "sh1t happens - keep calm and carry on" which isn't the direction of travel at the moment. It is hard to imagine governments (with the possible exception if Italy who have form) bailing out airlines and / or tour operators in the way they bailed out the banks in 2008/9. When it all comes to an end, as it surely will, there'll be aircraft in the hands of leasing companies with nothing to do, and empty hotels with no forward bookings.
Is the whole industry going to rebuild from ground zero, and will there be a return, at least initially to there being a myriad small independent tour operators chartering aircraft and seats off a new generation of smaller charter and scheduled airlines? Are we, in other words, essentially going to be turning the clock back to 1970, at least from a European leisure industry perspective?