RE: Virus over hyped!25 Feb 2020 10:19
Covid-19 has destroyed the Chinese airline industry is *less than 2 months*. In December 2019, China was on track to overtake the US as the world's no.1 airline market... By February 2020, China had collapsed due to empty planes, and China is now smaller than tiny Portugal ranked at no.25...
This killer death virus has sent the army on to the streets with machine guns and nuclear-chem-bio hazmat suits! It is not the common flu.
Yesterday, Italy's tourism industry collapsed (empty in Venice), and today Spain is in the crosshairs (Tenerife on red alert).
These are all places EasyJet flies a lot of planes to...
The risk here is of empty orange planes for weeks, followed by bankruptcy and a £0 share price.
EZJ could (very) quickly become the next Air Italy.