Just ask video libraries and bookshops how the internet changed their business model.
no one is saying there will be zero business travel, and it is a straw man argument to say anyone did.
But business travel will take a big hit. And business travel accounts for a large % of the margin in the airline industry where margins are very thin.
Warren Buffett has sold his airline stocks. All of them. How do you think he sees airline profitability going forward. Sure they have bounced off their lows. And if that gives you comfort, I guess I am happy for you. But the stock market is now crazy and totally disconnected from any fundamentals, with people gambling their redundancy payments on Robinhood.com. Like the shoeshine boy giving Joe Kennedy stock tips, this will end in tears. And worse.
https://www.google.com.au/amp/s/www....-2017-10%3famp
Plan accordingly.