Coronavirus bankruptcies

Discussion in 'Wall St. News' started by dealmaker, Mar 5, 2020.

  1. dealmaker

    dealmaker

    Coronavirus bankruptcies

    The first major corporate casualty of the coronavirus outbreak is Flybe, a British airline that was until today a major player on domestic routes and those to nearby European cities. Flybe was already in very serious financial difficulty, but the virus's impact tipped it over the edge. A Japanese cruise operator also went bankrupt earlier this week due to passenger cancellations—again, it was already a financially troubled business. Fortune
     
    Nobert likes this.
  2. ET180

    ET180

    The beer virus tends to kill mostly people of already compromised health. It will also kill businesses of already compromised financial health. Nothing new here.