Originally Posted by
TACHO
Sorry I was talking cross purposes there. What I was trying to say is, that at the moment, the industry is effectively critically sick. Any operator who survives this will be incredibly lucky. The reason for this however is not the virus. At least it was not initially. It is as a result of the public and media's response to the virus. Which in turn has damaged the economy. This is not a viral problem, but an economic one.
Further to my point I know of one (major) airline that is not just halting its operation, but trying its hardest, not to support its staff, but adding long term draconian changes to thier terms and conditions that are little more than opportunism whilst the chips are down. It has nothing whatsoever to do with Corona, it is in fact asking its staff to fund its recovery and make life cheaper whilst simultaneously pleading poverty to the government for a handout.... All the while it has data on its website, effectively boasting about how much spare cash it has... they want to preserve their profit at great cost to their workers, who are already struggling, and that isn't right. Socialism only exists in the upper echelons of business, beneath that it's still very much capitalist.
In summary I think the industry will be changed beyond recognition by the end. However Corona was merely the spark that ignited the absolute dumpster fire that is our economy, the rules of our economy, and how the world and business in particular operated. Corona wasn't the reason, all it has served is to highlight how already fragile, broken, corrupt and useless the system already was
Totally agree with you.
Pity the finance sectors, government et al don't see this. I for one don't have much time for economists either. My dear gran used to say "if economists want a recession they can build one".