Qantas was only down 5% today. Governments must have something in the pipeline.
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Qantas was only down 5% today. Governments must have something in the pipeline.
International Consolidated, British Airways owner, is down 28% in early trading
Reality is that the airline industry is going to require massive co-ordinated rescue packages from governments around the world.
Note from the current EU discussion on travel bands, most airlines in the world expect to be bankrupt by May.
:scared:
Do we want Air NZ dragging the Govt down with it? I know there aren't many options, but wow this is ugly. I can only see a scenario where the shareholders end up taking the entire hit - the thing goes bankrupt and the govt picks up the assets and starts again as "Air Aoteroa". I genuinely hope not, but not sure there is another way clear of this without many billions of dollars going down the drain.