Originally Posted by
DeltaboundRedux
Huh.
Still don't think one or more legacy airlines will be going into bankruptcy over the next 3 years? An estimated 20 trillion loss to the world economy over 5 years due to Covid shutdowns won't really affect anyone?
I'm still not convinced. Maybe we're in a de facto re-nationalization of the airlines where government cheese will declare them "too important to fail" (works for most banks, Boeing, and lord knows what else.)
Japan has been propping "zombie corporations" for decades. If you're here, you've got your spot...ride the gravy train while you can. That's my plan.
economies are not bank accounts. “Losing $20t” doesn’t quite mean that, especially if spending is simply delayed