Originally Posted by
brunos
As Goldorak stated this is Apocalypse Now.
What is very worrying is the future. A common guess is that this is not a blip, but will lead to structural changes in the airline industry and the way people travel. Leaner fleets are likely.
+1. I don't think the airline industry will recover thru the end of this year at all, even if the situation improves. People won't look at travel the same way, and airlines will probably continue to defer deliveries of new aircraft and refurbishments. It's not like AF/KLM was sitting on a huge pile of free cash to begin with before this mess started.