Originally Posted by
SOPS
Small thread drift. American Airlines is grounding it’s entire wide body fleet and cutting 75 percent of International flights. This is going to be very ugly.
in around 6 to 8 weeks, this will be almost every airline. And it won’t just be international flights. Domestic will be cut by as much. That includes Qantas and Virgin. Remember only about 8 weeks ago nobody had heard of this virus. And also remember that the virus and it’s affects are exponential. So you cannot simply double the impact of the last 8 weeks to see the impact for the next 8.
the PM was on tv at a press conference on the news tonight. If I heard correctly, they are predicting under a best case scenario, new cases will peak at 30,000 a day.
I suggest people organise their finances around that scenario. If you had planned a new car or an upgrade to the bathroom or kitchen, forget it. The effects on not only the airline industry but retail, hospitality, entertainment etc etc are going to be devastating.