Apocalyptic but 100% spot on
Originally Posted by
Flex88
It matters not about good or poor management, if there's NO fuc**ng passengers, they go tits up. Period.. And this is what's in store for the next few years being extremely optimistic.
Numbers; the top 4 biggest US airlines are losing 100 MILLION US$ per day - EACH !! Populate those figures to EVERY major airline in the world, get out your calculator and I doubt you can calculate the number unless your calculator can express scientific notation. Then take a wild guess at all the medium to small airlines ..
For those above basing their thoughts on 2008 & SARS.. You need to read more economic news as to what's going on !!! The US ALONE has already lost about 3 TRILLION $ in GDP (this not including lost income/salary).. that's in the US in just a 2 month period.. Get out that calculator again and just take a rough guess at the ROW numbers. Europe, Asia, Aus/NZ, South America +++.. This is money that has simply "vanished" never to be seen, spent or invested and VERY IMPORTANTLY, NOT Taxed (meaning, governments spending like drunken sailors with NO income)...
In the US "alone" already this coming week will see approximately 30 MILLION unemployed.
There is ZERO rosy pictures for the industry and adding to this, China (the CCP) has managed, in a 4 month long lying spree, to alienate nearly every country in the world so one might expect, over the next years, for those lucrative cargo shipments of rubber dog **** to collapse as well..
I'd personally stop those expensive Cable TV Sports channel subscriptions and cancel next years vacation reservations while you can.. This is just getting started..... B well.