Originally Posted by
pilotfromhk
Well a bit opinion from Hong Kong.......
........And eventually it took us around 3 months after the crisis had ended to restore to the pre-SARS level of passenger flow. I'm not being too optimistic but what I can say is that once the situation of C-19 is controlled, the industry will definitely recover in a very rapid rate.So let's cross our fingers and hope that the situation will soon get better.
The rate of recovery will be a function of the “circulation of money”
[first year Economics 1973 by one Dr. Reeky ~ Newcastle]
That in turn is a function of being in employment to earn the money, and the confidence to spend it, and not saving it all for a rainy day.
It follows that (excessive) unemployment will delay recovery.
The reported comment of “Christ” from Boris is the realising that lockdown is a double edged sword.
My money is on a vaccine available by December 2020. The Oxford team seem reasonably confident. Eight other teams also “working on it”
As for the recovery; well, green shoots in Q.2 of 2021.
Even keel Q.3 of 2022