Tough times ahead
I want to go on record that I think the economy is going to bounce back quicker than expected, assuming we can come up with an effective treatment. The difference between this and earlier recessions is that we know the cause. The service industry has been hit hard and fast, but it is also capable of bouncing back very fast. Restaurants and cafes can start up with food and a few phone calls - fast. Unlike manufacturers who have to be slow. Airlines are somewhere in the middle.
Btw, cv19 is just the straw that broke the camels back. The issues go all the way back to the GFC and the increasing levels of debt. If it wasn't CV19 it would have been something else.
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Emirate grounds 38 A380, cancels all orders for Boeing 777x (150 aircraft, the largest order for this type). They "invite" all employees over 56 to retire
Fuel-Off
short flights long nights
Have EK asked all over 56 to retire?
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You can’t compare apples with oranges as both have different business structures, aircraft type and so on. Both have different passenger and freight operations too. But the sheer size of these fleets is bigger than anything we will ever see in Australia by comparison. So losses of $60m, $100m per day or even more is certainly conceivable and realistic.
Shutting down the world is serious **** and the costs to businesses and ultimately countries is not measurable, it is that big. This is a disaster that will take more years to repair than most of us have left in us to live.
And the US airlines big problem is that they have kept a good proportion of their flights going as travel in the US is not restricted. Grounding an airline might cost money but flying empty aircraft around the skies will cost you more.
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Well two states have relaxed social distancing rules from next Saturday, hopefully others follow and the public look to travel and we see a demand for air travel. Hopefully back by end of June start July.
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I want to go on record that I think the economy is going to bounce back quicker than expected, assuming we can come up with an effective treatment. The difference between this and earlier recessions is that we know the cause. The service industry has been hit hard and fast, but it is also capable of bouncing back very fast. Restaurants and cafes can start up with food and a few phone calls - fast. Unlike manufacturers who have to be slow. Airlines are somewhere in the middle.
When people start thinking they should be paid for doing nothing, we need a recession.
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You do follow the news, don't you? Finding an effective treatment anytime soon is not likely and this is not my expert pilot opinion speaking, this is from reading what the real experts say.
Btw, cv19 is just the straw that broke the camels back. The issues go all the way back to the GFC and the increasing levels of debt. If it wasn't CV19 it would have been something else.
Btw, cv19 is just the straw that broke the camels back. The issues go all the way back to the GFC and the increasing levels of debt. If it wasn't CV19 it would have been something else.
but seriously the media must run around getting someone to say something they want said & hey presto he/shes an expert while real experts disagree but aren't heard.
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I am an optimistic person, I don't see the point in sitting around pessimistic. Either way how you feel, the public will be keen to get away and be somewhere other than home. Before you say ppl don't have money to travel, most of the traveling public who use air travel are still employed a big chunk of the current unemployed from COVID-19 are under the age of 20 accounting for approximate 8.8%, most of those would suggest they're in hospitality. There is a lot of other data out there but overall I'm confident of a return soon.
