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Who will survive this and be here in 6 months ?

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Old 16th March 2020 | 12:31
  #141 (permalink)  
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From: this side of the moon
Virgin.
8 weeks unpaid leave for all.
parking all but 7 aircraft.
keep strong all
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Old 16th March 2020 | 12:42
  #142 (permalink)  
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From: south coast
Originally Posted by there she blows
Virgin.
8 weeks unpaid leave for all.
parking all but 7 aircraft.
keep strong all
Just heard the same - not sure if its staggered 8 weeks or 8 weeks starting from now ( for those " selected")
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Old 16th March 2020 | 12:46
  #143 (permalink)  
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Staggered.
Hopefully no deeper
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Old 16th March 2020 | 12:59
  #144 (permalink)  
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From: Out of a bag
Originally Posted by Barcli
Just heard the same - not sure if its staggered 8 weeks or 8 weeks starting from now ( for those " selected")
8 weeks over 6 months. Better than having to visit the job centre.
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Old 16th March 2020 | 13:09
  #145 (permalink)  
 
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From: uk
Originally Posted by Paul852
It seems to me much more sensible, and certainly much less damaging to the quality of life of the majority of the population, to focus on isolating those susceptible groups to a level where their infection rates are within what the NHS can handle. With the advantage that the younger population will be exposed to the virus, develop resistance, and then be in a better position to assist those who succumb more seriously.
It might be, but in fact there are way too many unknowns to be sure which approach is best. This is the why when the government says its approach is guided by science opponents pop up and say "can't be - this scientist over here says they're doing it wrong". Reality is there is nowhere near a scientific consensus on anything other than "we don't know" (if they're being honest).

Just for starters:
* we don't know if this pandemic will come in several waves like Spanish flu or if it will go away after one wave like SARS (if we can get R<1)
* we don't know how long resistance lasts following exposure, some say it may be months (based on monkey experiments with SARS I think), some suggest only weeks (reported re-infections)
* we don't know who is vulnerable or why - e.g. currently a lot of scientific argument as to whether hypertension is the risk factor or if the risk is the drugs commonly used to treat it, or if it's a total red herring
* we don't know the long term effects of exposure, many (most?) recovered SARS patients have chronic lung problems and lipid metabolism changes, many years later, for COVID19 we don't know yet, but early survivors are known not to have recovered full lung function, yet, maybe they will in future, or maybe not
* we know that some corona viruses in animals lie dormant after first exposure and recovery and then go on to kill years later, no one knows what this one will do years from now
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Old 16th March 2020 | 13:19
  #146 (permalink)  
 
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From: earth
Originally Posted by Paul852
88% of the deaths in Italy have been aged 70+, 96% have been aged 60+. Presumably the vast majority of the 4% younger had chronic conditions.

It seems to me much more sensible, and certainly much less damaging to the quality of life of the majority of the population, to focus on isolating those susceptible groups to a level where their infection rates are within what the NHS can handle. With the advantage that the younger population will be exposed to the virus, develop resistance, and then be in a better position to assist those who succumb more seriously.
That is my point as well, although you'll get a !!!!storm the moment you propagate that in public. I remember in my youth, in a very civilised European country, when some other kid contracted the measles, chicken pox or even mumps, our parents with the schools consent organised parties. Most kids contracted and surmounted the disease, developed immunity and their immune system grew a little stronger. There were the odd victims, certainly, and when it concerned your family you would most probably criticise this procedure. But for the overall society and the economy it was the sensible thing to do. Today we do not accept even one random victim, as old or frail it might be, as we call ourselves civilised, but we accept the collateral damage of huge lockdowns. Whatever victims of these lockdown measures could appear, other than the COV-19, we will probably not put them in context, we accept those however for the assumed "good of the society". (Or was it for the reelection??)
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Old 16th March 2020 | 13:31
  #147 (permalink)  
 
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From: Europe
Originally Posted by ILS27LEFT
The North of Italy has got one of the best NHS systems in the world (it is the opposite in the South), this is in addition to having one of the highest number of intensive care beds vs 100K of population compared to the rest of the world. This is a serious and very worrying sign of what COVID-19 can do in any other country. The biggest problem now is the impact that COVID-19 will have on any travel related business as global travel will soon be completely banned as we have never seen it before. Airlines, Hotels, Travel Companies, Events Companies, etc will have zero cash flow imminently as transactions have collapsed by a magnitude that has never been seen before. Millions of jobs will be lost as other industries will collapse due to the absence of travel, e.g. airline manufacturers will also temporarily close down, whilst national airlines will have to be nationalized again,all other airlines will disappear. If governments will not step in quickly to support the millions of people losing their jobs then we will also see civil unrest and riots. This prediction seems probably unreal now however it is the first time in my life that I genuinely believe this could be the 3rd WW we have all been waiting for. This time is really scary. Good luck to all of us. The economic collapse is as scary as the massive loss of lives that COVID-19 will cause. Covid-19-->Health emergency/Pandemic-->Banned Global travel-->Travel related businesses collapsing--->Civil unrest. This prediction is not pure pessimism. Governments will have to inject lots of cash to save travel related businesses. Central banks can just produce unlimited e-Money and transfer to Companies, let's hope they will start asap to avoid chaos. So who will survive in 6 months? Only those helped by the Governments, all the others will disappear.
I was genuinely hoping to be over-pessimistic on 13 Mar night...Governments will have to move quickly to avoid chaos. It is getting clearer by the day. We cannot have too many people without an income in such a short period of time. Travel Companies will run out of cash, but also many other businesses will seriously struggle (TFL, restaurants, hotels, cinemas, gyms and many more). It is going to be a mess unfortunately.
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Old 16th March 2020 | 13:42
  #148 (permalink)  
 
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TFL are a company that needs to go bust then reform without any of the ridiculous union rules. Hopefully it will drag the mayor down with it.
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Old 16th March 2020 | 13:45
  #149 (permalink)  
 
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From: USA
There have been a couple reports of arthritis drugs (Rheumatoid Arthritis?) being tried (with some success?) for treating Covid-19 cases. But drug names or types were not stated. Methotrexate? Leflunomide? The "Biologics?" If these drugs' sort of general immune system suppression function is working against Covid-19, that would suggest the "Cytokine Storm" explanation of this Coronovirus' lethality?

(Apologies for all the ?'s and lack of search on this.)

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Old 16th March 2020 | 13:58
  #150 (permalink)  
 
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From: Rockytop, Tennessee, USA
Originally Posted by dogsridewith
There have been a couple reports of arthritis drugs (Rheumatoid Arthritis?) being tried (with some success?) for treating Covid-19 cases. But drug names or types were not stated.
Here's an alleged cure in a Reuters report from South Asia. I haven't tried it myself.

https://gulfnews.com/photos/news/spe....1584180650468
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Old 16th March 2020 | 13:59
  #151 (permalink)  
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From: UK
I was working for a freight outfit & we did a lot of work for a large brown outfit. The growth in work with freighters was exponential,lots of cancelled pax flights lots of lost underfloor capacity. The growth in transatlantic freight operations was exponential!
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Old 16th March 2020 | 14:32
  #152 (permalink)  
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From: Canada

From Flight Global, those who will remain are diminishing, at least for now. RE the use of passenger aircraft for cargo, back in the day on the 747, we were told that a half belly load of cargo would more than pay for the operation of the flight, anything over that would return a profit with the revenues from any SLC being gravy.
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Old 16th March 2020 | 15:10
  #153 (permalink)  
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From: Luton
The biggest risk for the airline employees (current and former) is potential loss of pensions that have been accrued over many years. Sure a whole bunch of new airlines, probably with almost the same names, will start up to fill gaps of any that do disappear (all paying less money and with worse t&cs than those which have gone) but that will still leave employees with huge holes in their legacy pension schemes.
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Old 16th March 2020 | 15:38
  #154 (permalink)  
 
Joined: Jul 2004
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From: Canada/Malaysia
Re: Bailouts

https://www.nytimes.com/2020/03/16/o...&region=Footer

...interesting viewpoint...BUT...will anybody listen?
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Old 16th March 2020 | 16:06
  #155 (permalink)  
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From: Coast to Coast...
Why pick on airlines? This is the reality of unabated capitalism. These very people lobby governments to not bring about any change which might improve the lives of customers or employees so they can line their own pockets. Just look at the American political system, how without big money you cannot even run for leadership.
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Old 16th March 2020 | 16:06
  #156 (permalink)  
 
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From: Norfolk
I can only speak for my country but I don't see why big business, its directors and shareholders can fatten themselves in the good times and then expect Joe Public to give them money when things turn sour.
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Old 16th March 2020 | 16:40
  #157 (permalink)  
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From: Netherlands
Do not worry. If we, the taxpayers, do save them, this will be in a way which essentially will make the stock worthless (i.e. nationalisation). The shareholders will thus be the first who will be screwed over.
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Old 16th March 2020 | 16:41
  #158 (permalink)  
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From: Correr es mi destino por no llevar papel
Originally Posted by Loose rivets
It's perhaps comforting we're seeing a united, international, fight against this adversity. In itself, an oddly science fiction scenario.
​​​​​​Seemingly written by the likes of Douglas Adams, Tery Pratchett and Robert Sheckley.

As for the original question, probably not me. I have always been aware that my birthplace makes my position very vulnerable, but I have never envisaged my career collapsing in such a spectacular manner.
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Old 16th March 2020 | 16:52
  #159 (permalink)  
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From: Reading, UK
Originally Posted by qwertyuiop
TFL are a company that needs to go bust then reform without any of the ridiculous union rules. Hopefully it will drag the mayor down with it.
Rumour has it that TFL is headed down the tubes.
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Old 16th March 2020 | 17:20
  #160 (permalink)  
 
Joined: Jan 2008
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From: uk
Originally Posted by procede
Do not worry. If we, the taxpayers, do save them, this will be in a way which essentially will make the stock worthless (i.e. nationalisation). The shareholders will thus be the first who will be screwed over.
Real question is what happens to their (typically offshore) debt if they are bailed out. Shareholders get a much worse deal both ways these days, used to be you got the profits in the good times and took the losses in the bad times, now in the good times you get a share of whats left of the profit, after tax and the holders of the offshore leveraged debt take cut (tax free).

IMO taxpayer bailouts for businesses with too little in reserve to survive a downturn should generally not go to the holders of the debt that put the business in that position in the first place, and particularly not when that debt is offshore to avoid paying tax on the profits.
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