Well-known Exeweb poster
- Nov 16, 2005
A lot of airlines will go 'tits up'...Norwegian will go first probably, followed by a raft of Asian airlines, unless they get massive State aid....The balance is, as you say, difficult to gauge as we don't know the end game, but perspective is still a useful guide. 14,000 people have died in this regular flu season with 200,000 infected...Coronavirus my well turn out to be more deadly than this, but at the moment it isn't.I don't feel there is a great sense of panic, hostility or febrility. I think governments are just taking precautions incrementally in line with the spread of the disease.
Regarding economies, the fact is that China has become the motor of the world's economy, so the shutting down of most of the country obviously has a huge impact on trade and the supply chain.
Yes, what is the balance? Just keep on as we were, but make sure we wash our hands regularly? Self isolation only? Shut down cities and regions as in Italy? I really don't know.
Trump of course is acting in his usual childish and petulant manner, blaming the Schengen countries for exporting the virus to the US and banning passenger airlines. A lot of airlines are going to get deeper in debt