Saturday, March 28, 2020

Can Major U.S. Airlines Survive The Coronavirus Outbreak?

Here is the link.

The golden age for airlines could be ending thanks to the spike in worldwide cases of COVID-19. A drop in crude prices would normally be a positive for airlines. However, border closings, event cancellations, and the potential for travelers to end up quarantined could cause a cascade of failures throughout the aviation industry. Now, major US airlines say they need a massive bailout from Congress to avoid laying off scores of workers.


15 billion bailout - 2001 911
2008 - $5.1 billion dollars

1% -> 10%

Boeing
Too big to fail

Cancel flights losing money, preserve ...

biggest export to the world - Boeing

United Airline - first Q losing money

2001 911 - 40,000 jobs laidoff

monthly disruption - but we do not how many months will it last.


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