Originally Posted by
TimmyW
I fear summer 2021 will be much like this year.
Even if there is a vaccine, it isn't going to be rolled out across Europe and the world to have such an effect that international travel can return to normal.
How does any airport or airline survive that?
In a normal market they would not but the issue now in contagion, banks which were supported by taxpayer 2008 can say we will close this down BUT immediate impact is that everybody else will follow the herd mentality. Airport assets are worth nothing now because they have little or no source of income and there will not be willing buyers.
Even the Hedge / Vulture funds will stay away because lets for examply the owners of Heatwick could no longer pay back any debt and scum bank / vulture fund foreclosed. Appoint over paid directors and then dismiss all directly employed workers and say you can have a job at 50% of salary. Some staff would stay because desperate but in that situation would you as a passenger want to trust going through an airport when staff fired and rehired, previous length of service is gone and everything cut so the owners could make millions.
I see this as one where banks and hedge funds get told to STFU and wait it out as their actions could bring the whole ponzi scheme crashing down. Badly run businesses will fail as they woul have failed eventually but there is no stomach for Vulture funds making billions (at the moment).