I can bet there will be massive cuts - I hope I am wrong but this is really bad. Recession plus fears of flying/social interaction.
It's a perfect storm for Air Canada and all other carriers
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I think this is correct. 2008 was bad, but the reality is, the 2008 recession did not come with a death toll, and governments were not busy banning international travel in 2008, they were trying to stimulate it. Now they are banning it. It's going to be more like 9/11 than like 2008. When 9/11 happened, people also flew less.