03-21-2020, 03:41 PM
(03-21-2020, 12:20 PM)NilesMike Wrote: There is definitely short term pain but does anyone really think the skies will be empty long term?Not unless the government wishes to launch the Great Depression II. I don't think travel will be blocked as long as it probably should be for health reasons. I think you need to see the bailout package first and I suspect the outline is coming very soon. As long as they don't restructure and make the shares worthless most of them will come back. AAL being the one that may not survive this longterm.
Not me.
"If I could I would still short this sector". ?? Why cant't you be short airlines, just buy puts?
I don't see any of them buying any jets this year. BA is going to be a bigger mess by the day. It will take some creativity from the Gov to avoid a GM style restructure. They need to be bought out but I don't know who wants any of that action right now. It would be a risky purchase.