Insertnamehere wrote:chepos wrote:Insertnamehere wrote:
It's not like this is new, the airline and entire travel industry is very exposed to pandemics and global political issues. It is the management's job to ensure they have money on hand to whether these short to medium term slow-downs and be flexible enough to be able to cut the fat when times get tough. If this was a one-off situation? sure but this happens on a semi-regular basis even this century there should be no excuse for the US3 not being able to take care of themselves.
The global economy does not shut down on a semi regular basis. Countries around the world do not shut their borders en masse on a semi regular basis. Global pandemics do not occur on a semi regular basis (this is nothing like SARS/H1N1/MERS).
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9/11 and 2008 come to mind where we had large cuts in demand.
Were you around for 9/11 and the GFC? If you were you would know that the current situation is orders of magnitude greater in terms of the widespread impact on civil aviation. You would need to go back to the Second World War to find a similar impact.