I don't invest in airlines. Its just one sector I have always stayed away from. Just too much that can go wrong in that sector. With these planes flying at 50% less capacity they are in big trouble. My wife works in the rest business at the airport and the company she works for usually does over 3.5 million a week. They have done $47,809 this week total. That tells you how bad things are and will only get worse. This corona virus could last till the end of summer. I just don't see it getting better any time soon. If I could I would still short this sector.
The companies I invest in now have to have a A- or better credit rating. These airlines will all be downgraded soon. And will need a bail out. So none of them would even be close to my criteria. Sorry I'm so negative but I'm just speaking the truth lol
The companies I invest in now have to have a A- or better credit rating. These airlines will all be downgraded soon. And will need a bail out. So none of them would even be close to my criteria. Sorry I'm so negative but I'm just speaking the truth lol