the imf would agree with you
Originally Posted by
eimin
I disagree. I am a half full type of person, but...
9/11 grounded, only in US, the fleet for 3 days. The price paid afterwards wasn’t recovered until a decade later, consolidation and quick rebound after 2012/13.
Now, what we have, is a totally different scenario. Uncharted, uncertain and surely challenging. No one has the answers as to how the outcome is going to look like. But something that at this stage we can’t deny: this, for aviation, is much much worse than 9/11 ever was.
Clearly we have to be hopeful and half full sounds good but-
well the head of IMF probably knows more than most of us and she in a speech today said-
https://www.imf.org/en/News/Articles...Curtain-Raiser
"First, let’s look at where we stand. We are still faced with extraordinary uncertainty about the depth and duration of this crisis.
It is already clear, however, that global growth will turn sharply negative in 2020, as you will see in our World Economic Outlook next week. In fact, we anticipate the worst economic fallout since the Great Depression."
This can't be good for aviation or for any of us!! Clearly people planning training have to make their own decisions but this is a stark message and predicted worse than 9/11 with only some recovery in 2021.