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Old 22nd Apr 2020, 11:04
  #61 (permalink)  
Alex Whittingham
 
Join Date: May 1999
Location: Bristol, England
Age: 65
Posts: 1,801
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Shame indeed, but it is easy to catastrophise these failures. The airline market has been so good for so long that there are a number of highly leveraged and struggling airlines around that would not have survived in a harsher market. A correction like this, or 9/11, or 2008 is like the lions taking out the Wildebeest from the edges of the herd. Considering Norwegian and VA, for instance, they are both competing to an extent in the same market, and both were struggling in the best market for years. Likely at least one will go to the wall but the survivor will pick up the spare business when life returns to normal, hire extra crews etc. The bigger question is what 'normal' will be like in the extended period post-lockdown when it is v likely there will still be travel restrictions in place for how long? 9 months? a year?. Logan and Flybe are different cases, the government could take the position that supporting them is a duty to maintain regional connectivity in a post-lockdown market that may not naturally give them a working business case. It's a 'wait and see'. IMHO the MPL shiny school model is seriously fractured, but people forget over time...
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