Airlines, automakers at the forefront. And it has only just begun. EU waives rules banning state aid. Ryanair, which doesn’t need a bailout, is furious.
Airlines don’t expect a quick recovery back to “normal” either. Based on their decisions about aircraft in their fleets, they expect this to drag out for years.
Here come the “bankruptcy-remote special-purpose subsidiaries” and $14.5 billion in rental-vehicle-backed securities. The stock market – other than Carl Icahn – smelled a rat for years.
In the forlorn hope the world’s biggest green-energy zombie will somehow survive the oncoming storm.
They have accomplished an amazing feat: losing tons of money year after year during the Good Times in what were profitable industries.
Ecommerce Spikes to Record. Mall Stores Got Hung Out to Dry. Walmart’s Online Sales, Still Woefully Behind, Shot Up 74%
Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.
Investors bet on this outcome for years. Covid-19 just sped it up by a few months. Department Stores Are Toast.
Years of brick-and-mortar meltdown get compressed into a few months. But ecommerce is booming.
YRC, one of the largest less-than-truckload carriers, wheezes under the strain.