Airlines latest Germany's Lufthansa is permanently shrinking its fleet, saying "it will take months until the global travel restrictions are completely lifted and years until the worldwide demand for air travel returns to pre-crisis levels." Meanwhile, easyJet founder Stelios Haji-Ioannou has threatened to sue the budget airline's executives if they follow through with a large new order for planes; he says the carrier will be bust by the fall if they don't cancel the Airbus deal. Deutsche Welle
Thats why dal sits at its lows. #1 twice airlines have filed bankruptcy and wiped out all the stockholders . Those previous 2 times were childs play compared to now. #2 at the very least airlines will have to give up huge equity stakes to the govt. How did that work out for aig? Its sits at about $2 reverse split adjusted compared to higher over $100.
When this shit show is over, going to be a lot of acrophobic people that just won't leave there houses ever again and the fear of catching to what most of them will be a mild flu. So jump on a crowded plane, where you always catch a cold on the way home thankfully, hell NO!! Several of my clients this week on about putting in web selling as they expect the same. Not to mention, more unemployment and poverty. Good for the climate change mind, not that I think that's a big an issue as some, warmer sounds good, but do miss ice climbing in Wales
The airlines will be fine, thanks to the "Jerome Jetway Fund" churning out ca$h and bailouts to the industry.