Today, United Airlines gave a press release stating that their future domestic bookings are down 70%. They have also stated that there will be additional cutbacks on flights, including some cancellations. This news did not come unexpected. American and Delta will most likely repeat the same message in the coming days.
I would imagine that the cruise lines and Amtrak are in the same predicament. The travel industry may come to a standstill. This is sure to affect those employed in the travel industry through layoffs and possibly send some people into forced retirement like it did in 2009-2010.
I have no idea how much of travel is figured into our GDP, but it would not surprise me if the government came up with some type of stimulus package. This being an election year, I am sure that those running for office may try and use this terrible event to their advantage somehow. (I know that I am walking a fine line, so I’ll stop here.)
Happy Tuesday, everyone.
I would imagine that the cruise lines and Amtrak are in the same predicament. The travel industry may come to a standstill. This is sure to affect those employed in the travel industry through layoffs and possibly send some people into forced retirement like it did in 2009-2010.
I have no idea how much of travel is figured into our GDP, but it would not surprise me if the government came up with some type of stimulus package. This being an election year, I am sure that those running for office may try and use this terrible event to their advantage somehow. (I know that I am walking a fine line, so I’ll stop here.)
Happy Tuesday, everyone.