Coronavirus could be as bad for airlines as financial crisis
“Flybe’s collapse is the fourth significant UK airline failure since 2017. Whilst the impact of the coronavirus outbreak on demand for air travel was only partly to blame for its collapse, it is clear that the industry is going to take a savage hit in the coming weeks and months. The end of the line for another troubled European operator, Alitalia, is rumoured.
“It is still early days, but the unprecedented impact of Coronavirus is already causing massive challenges to people, business and supply chains. The virus could be the tipping point for those businesses already facing financial difficulties or with tight margins.”
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