PPRuNe Forums - View Single Post - Who will survive this and be here in 6 months ?
Old 22nd Mar 2020, 21:29
  #324 (permalink)  
procede
 
Join Date: Jan 2008
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Originally Posted by torvalds
It is a bit childish (not insulting any of you particularly) to think, that after a crisis like this was over (hopefully in about 3-6 month time) on the following Monday we'll all just go back to work like nothing's happened. It is a mistake to imagine, that pumping X billions of FIAT confetti into failing private firms, would make a difference. Companies will disappear, people will suffer. Then we'll still end up with the interest payments to private central banks on trillions of confetti printed by them. I fail to see how the survival of current airlines (and air travel in general) becomes priority in the near term.
I honestly think the entire air transport industry is in a lot of trouble. If this takes too long and current limitations stay in place, demand for air travel could be down to the level of the 1960's. No one will want to buy any aircraft or hire any crew left over after any airline going bankrupt. This will also mean that no one will buy any new planes, because we have several hundreds standing around not being used, basically available for free.
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