until there is a prang and then watch them squeal.
Hull premiums will simply be increased for carriers like EK if an expensive prang happens, and life will go on.
Never a truer word spoken.
Well no doubt the hull insurance would go up and they'd "merely" absorb this in the usual style. But the
squealing would be loud, prolonged and second in noteworthiness only to the blood-letting.
Whilst third-world services would barely feel a ripple, the loss of face in first world countries would be massive. Financially the alrline would ride it out, without a doubt, but the shockwaves and beheadings would make the jo'burg events pale into insignificance. Change would be forced upon them.
Statistically, it seems to me most likely an "event" would take place on a non-ULR flight and in a third world FIR and therefore away from the worst of the negative press. I bet the Sun-Herald would be on it though.