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'Single biggest shock': Airlines, airports battle coronavirus cash crunch

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2 minutes ago, Crazy Alex said:

Let 'em liquidate. The strong shall survive. I'm sick and tired of incompetent corporations and their officers getting rewarded for malfeasance. Most of the US majors have already screwed their investors and employees at least once. I refuse to get sloppy thirds. 🙂

I think you've lost it. This is an extreme situation that isn't caused by incompetence of the corporations. Most if it ordered by national governments and the people who would suffer the most if this event leads to a cold survival-of-the-fittest situation are the lowest wageworkers everywhere. Cabin crews and baggage handlers. You can take your brown-shirted 1930's attitude of "the strong shall survive" and...

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13 hours ago, Dumbastheycome said:

Airlines and Cruise Ships are going to be hurt for sure.

An alternative  for cruise ships at least maybe as  offshore quarantine centres?

Or maybe the  Seat of Governments? At least if  you don't like  em  you could sink em  🙂

LOL @ quarantice centres for cruise ships.

The largest number of cases were on cruise ships. They are not set up for isolation.

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10 hours ago, chrisandsu said:

I really don’t think you guys get how much of a dire situation this is . The stock market is tumbling there is going to be some huge businesses that are going to go down the pan with millions of jobs with it . Along with that will be defaults on pensions . And world debt !! This is going to get very bad as panic and hysteria have kicked in big time . 

I think we do, but there is absolutely nothing WE can do about it except prepare as best as possible and carry on till we can't. I'm not going to sit in a corner crying about it till it ( or IF it ) really goes bad. So far no difference in my life ( small town- no panic ).

People that will be in the deep doodoo are those that thought it was OK to live on credit and take out huge mortgages.

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1 hour ago, bristolboy said:

And we all got along fine with the internet, too. That was then this is now. The components of the economy are different now. Welcome to the 21st century.

Times change. Economies change. The depression didn't end after a few months. If governments dictats destroy the economy badly enough, Humpty ain't getting put back together anytime soon.

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14 minutes ago, geriatrickid said:

LOL @ quarantice centres for cruise ships.

The largest number of cases were on cruise ships. They are not set up for isolation.

Yes. I  know. In fact medical opinion is  that  such ships  are  more likely  to be  breeding   grounds. But as  "Hospital " ships? Many have a  massive  capacity  for occupancy and self  contained systems.

Rather than  quarantine  as an isolation  unit for identified infected ?

I say this even in the  knowledge I have  a  very  sweet  long term  young  friend  who is a crew  member of a  cruise  liner  that  is  in a situation of  great suspicion  right  now  despite  no evidence to date of any  C-19  on board. I  hope  for  her sake  and all others  on board  it stays that way and the  ship will be  permitted  to dock  without  any paranoid  event although she informs  me  it has  already been denied original  point of end destination. Paranoia  rules  for the  moment.

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Posted (edited)

How will this affect Boeing? 60% of the company is involved in commercial jet manufacturing (40% in defense). Take a look at the acute nose dive in the BA share price.

 

https://www.investors.com/news/boeing-stock-coronavirus-crash-spurs-request-federal-aid/?src=A00220&yptr=yahoo

Edited by DaRoadrunner

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22 minutes ago, DaRoadrunner said:

How will this affect Boeing? 60% of the company is involved in commercial jet manufacturing (40% in defense). Take a look at the acute nose dive in the BA share price.

Be a good time to buy then. This too shall pass and they will be making planes in the future.

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1 hour ago, androokery said:

I think you've lost it. This is an extreme situation that isn't caused by incompetence of the corporations. Most if it ordered by national governments and the people who would suffer the most if this event leads to a cold survival-of-the-fittest situation are the lowest wageworkers everywhere. Cabin crews and baggage handlers. You can take your brown-shirted 1930's attitude of "the strong shall survive" and...

What do expect of a trumpeter

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5 minutes ago, thaibeachlovers said:

Nothing is 100% secure. Sorry, but that's a fact.

I never stated it was - I agree 🙂 

"prepare for the worst, expect the best" something like that is my motto, have to change the words about on occasion!

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Tourism is why you all are here . Yes there is a lot of it , but if you weren't a tourist , you would be in your home country ( or are you native Thai ? ) . So comments like , i want the tourists away , is just stupid comment . Pattaya didn't excist in the 50's , and your life on the islands in the south would look totally different , no electric isnt so long ago on the islands .

No tourists = no tourist industry ( so no bars , no import foods , ... ) . I don't say you need it , but like i said , once you were at least a tourist also .

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2 hours ago, androokery said:

I think you've lost it. This is an extreme situation that isn't caused by incompetence of the corporations. Most if it ordered by national governments and the people who would suffer the most if this event leads to a cold survival-of-the-fittest situation are the lowest wageworkers everywhere. Cabin crews and baggage handlers. You can take your brown-shirted 1930's attitude of "the strong shall survive" and...

Well, actually, corporations were using most of that extra cash provided by the Trump tax cuts to buy back stock shares. That way, the execs not only get big bonuses but also get to cash in their stock options. It used to be against the rules for corporations to engage in stock buybacks. Now we see the reason why that was the case. 

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3 hours ago, Brigand said:

Nice cherry-picking. The main point was if you want a bailout then pony up some shares in return.

The RBS shares were given away. The UK government dropped billions on them.

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