There won't be another bailout like we just saw. Airlines simply can't afford the governments terms (maintaining employment levels, maintaining service to every city served pre-Corona) and the other industries being impacted won't sit back and let it happen. They have lobbyists, too...
I'd expect a 40% reduction at the Big Three (WN does not want to lay off people because they've never had to do it, and somehow think that's a streak worth protecting), and it won't be pretty.
Don't hold your breath on buyouts. The airline's cash flow won't allow cash incentives to sweeten the pot. They'll use the opposite approach -- furlough the junior guys, rebid everything, and make the older guys work harder. Get a few of those weekend's off rocking chair assignments working for real, and they'll start to turn their papers in without any cash needed...
I hope so too, but based on current death rates it’s about 1 percent which is right in line with flu rate deaths
That is based on the fact there have been more asymptotic then they first thought
Yep. Everyone has their panties in a wad over the Johns Hopkins numbers, but they don't include asymptomatic who never got tested, and there's increasing data coming out that suggests many, many times more people have had this without showing symptoms. Right now the denominator only has tested cases. Start to increase that by 2-5x, and the mortality rate quickly drops below 1%...
What's not being disclosed by so many of the states is how many of these deaths are from nursing homes or assisted living facilities. Someone looked at that in Minnesota and 65 of the 87 deaths as of last week were from nursing homes.
The health folks are predicting when it comes back in winter itll be worse.
No, actually, they're not. Context matters more than headlines here. Multiple officials clarified this today --
detection will be worse because you also have regular flu and colds to contend with for diagnosing. Some people never see their doctor with flu symptoms (which again supports the growing case that there are far more people who had it than the government's data shows).