4 ms·
> many airlines will go bust before this is done My bet is there will be a large number of hard hit industries (e.g. airlines, cruise lines, hotels, car rental
by canada_dry 6y ago
> many airlines will go bust before this is done
My bet is there will be a large number of hard hit industries (e.g. airlines, cruise lines, hotels, car rental companies) which will see widespread ch 11 and bankruptcies. Makes sense if then they can reemerge after eliminating a good chunk of debt and also roll back labour agreements. Likely a bunch of consolidation/merges on their way as a result too.
Should see the ball start rolling after the mid-year results come out early July.