What's is TMR views on Virgin now ..and how many others will go belly up.........
All airlines will go belly up if all countries keep the borders shut. But this won't happen. Will it take 1 month, 3 months, 6 months, a year?
Who knows. Virgin hasn't really make a lot of money in the last few years, so spare cash is sparse. They lease the majority of their planes so will stuggle to raise cash as they have relatively few assets. Their routes are predominantly leisure. If the government agrees that future leisure routes are worthy of keeping, they'll inject cash - but with strict terms. easyJet and BA/IAG are different in that they are cash rich and own the majority of their aircraft.
But these are only assets is someone wants to buy them. If no-one is flying, no-one will. And then the cash runs out. Can the government step in? Probably, but the complex ownsership of these airlines could make that tricky. Ryanair are fairly safe, but only if people take to the skies sooner rather than later.