The London Financial Times blog Alphaville has a piece in which Hubert Horan
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suggests that decades' worth of industry consolidation have reduced any incentive for the sector to properly restructure itself in the face of 85 per cent declines in revenues due to coronavirus, and that the whole thing could collapse imminently.
Worth a read?
https://ftalphaville.ft.com/2020/09/...-email:content