Virgin Atlantic pilots reducing salary by 47% and 12% on pension

They are which is correct BUT they can also delay paying it as well.

I pretty much thing Capitalism as practised in US/UK is dead. Private Equity where they buy a business and add on millions in debt before flipping it off to another private equity house is gone. There will be zero liquidity and cash available. It will not be such a bad thing that the spivs and traders who bought and sold businesses including shutting them down so they can make money and screw the people in them will be gone.

Iti is noticeable how the "unsexy businesses" that produce food have all of a sudden become very important i.e. Heroes and the sexy Advertising / Media / IT becomes irrelevant.

Thats a bit of an unfair kicking to IT. It’s they who behind the scenes are keeping the show on the road for millions finding themselves working from home

Yeah you have a fair point................ I was thinking of the ones who are constantly on about who we can get your fridge to order for you or your toilet to order loo rolls, ok maybe wrong type of IT there again, more like the ones who claims there next idea will make life easier for everybody and cut out thousands of jobs when it has no chance of delivering anything only a lot of cash into their pocket.

Maybe and then again maybe not. The world economy will reboot. Business will have to find itself more robust methods to survive. It has always been obvious that the Food supply chain is wafer thin with little held inventory. Food companies allowed to go bust because supermarkets can import from Thailand and save 10 pence per chicken. From hatch to despatch for a chicken is circa 35 days but one of UK's biggest processors was going bust because prices so low.

Basically if you buy chilled items on a Wedensday in Tesco, it was ordered Monday morn, shipped Mon night / Tues morn and on shelf by Wednesday morning. Any kind of supply issues hit immediately. In addition people did not hold any kind of safety stock at home hence 8 weeks sales in 1 week is not possible.

I know from friends that Food companies have ramped up production massively with lots of jobs and likely shelves will be full by end of month. However the 60 flavours of sausage with be now 6, guess Lidl / Aldi are way ahead of that. Food production workers are now "KEY WORKERS" now instead of minimum wage slaves, pitied because they couldn't get a job elsewhere and majority of them will be foreigners.

I think when "The Great Reboot" occurs there will be a change in the way we do things, be it travel, shopping, social contact. Maybe a society where being nice and helping people is a character trait to be admired rather than newest outfit on youtrbe/faceache/twatter (other idiot social media platforms are available as well)

The great rush from rural to urban is over. WTF wants to be in a city when stuff like this happens. Good for people in small villages everywhere as new people coming in will increase local jobs and hopefully build communities.

Air travel will rebuild but it will be different just not figured out how yet.

Guys this is temporary.

In 3 months you'd be surprised how quickly people want to forget the trauma and get back to 'normal'

China (and some parts of North East Asia) are starting to get back to normal - believe me they won't be caring any more than they did before about people. They will be giving two sh*ts about hygiene however - frantically washing hands and avoiding sneezes and coughs. Everyone will become hyper sensitive to cleanliness.

Of course long-term affect will be seen on weaker businesses - more resilient businesses will survive. But ironically those are the ones that focus on cost, low-wages, exploitation of workers and resilience.

I would agree that it is temporary but I think 3 months is optimistic.
Whilst the virus might be past it's peak in 3 months, there will be a lot of people who will have been on reduced pay during that period and will not be in a position to take holidays. Others are being encouraged to use up their leave now so may not have much to take come summer. You must also remember that different countries are at different phases of the epidemic so global industries won't get back to normal until the virus has been around the globe.
I would imagine that it will take at least until this time next year to get to anything like normal and the new "normal" won't be back at 2019 levels even then.
I have a friend who works for Manchester and understand staff are on 90% pay for the whole of the financial year that is coming up right round until April 2021. I don't think anybody really knows for sure but it sounds like they are thinking along similar lines and playing the longer game.

So let’s try and see the day the UK is virus free like it was on January 29th. All restrictions are lifted and we give ourselves a big pat on the back after we also closed our borders.

Around the world and parts of Europe they are not so lucky and still have cases. So how can the airline industry resume as we will start to import new cases back into the country and it all starts again. If anything this virus has taught us is that mass travel infects the world.

People will also remember things like this:
From The Guardian

Without wishing to seem heartless, surely this applies to any illness you are unfortunate to contract in a less-developed country.

...but until now, only a few gave it some thought. Everybody is learning - in many ways.

It's wishfull thinking to say the standard of care is consistent across the UK.

Doubt this.

Buddies teenager left school yesterday instead of June, kid in total shock as has worked hard and expected to celebrate end of school with class mates. None of this will happen. Uni many not happen this year and it ends up feeling like something unfinished. There will be lots of kids like this.

The new normal is school finished early, he gets a ficticious mark and he has seen everybody around him panic, unable to meet many friends etc and then figure out WTF happened and is this Stage 1 or the Final Stage of the virus.

People panic bought because they scared they will be hungry and have zero confidence in the system. If everything returns to normal in 5 years it is a distant memory but if this is 1st stage of a couple it could be scary.

I think the new normal is very different from old one.

racedo, I note that you are always full of positive and optimistic views!

In other countrys they view treatment and performance of NHS with availability of equipment as being a less developed country. Way too easy to view everything with rose tinted glasses.

I think the point I was trying to make was that if I was very ill with whatever ailment - corona, heart attack, car crash - I would not expect the standard of care to be the same as the NHS in a country like Indonesia. That is not a criticism of Indonesia, which evidently has a much lower GDP than the U.K.

Best stick to subject matter and leave personal views of people good / bad at door.

True.......

Best stick to subject matter and leave personal views of people good / bad at door.

Strange statement to make since what you are doing is giving your personal views! OK, my view on the subject matter are that no one, absolutely no one knows what this situation will do to the aviation/Airline world until the virus is eradicated. And that is another unknown!