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Big companies going bankrupt during Covid-19

Reznov

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Many flying companies in the USA are going to go completely bankrupt in only 2 months, why ? Nobody flies anymore due to this pandemic and because the investors use only 4% of what they earn as a backup in the company in case some problem happens ( Covid-19 at the moment ) and the rest of the 96% go to the stock buybacks .
The flying companies now are asking for help from the government and people that pay taxes after they were earning billions of dollars each year .
What companies do you think they will go bankrupt due to this pandemic too ?
 
It actually depends on the goods that the company is serving, food companies will not mostely die because food is a life's need
Yeah of course, It's the service companies which I think they gonna lose money
but let's not forget Mcdonalds and starbucks they gonna loose huge money
they all shutdown during this pandemic
 
Well, i saw a smilar documentary about that, that what happens when you care too much about numbers and never put a plan B, nobody did except this pandemic and i believe it's going to bring into a big negative impact for a lot of people .
 
3rd parties oil charterers and small-time shipowners. Crude reached negative. and it is the first time. Manpower agencies too that rellies on domestic helpers. im not sure but that is what im thinking off.
I saw that in news yesterday, damn, the whole economy is going to be ruined because that's a money right there, i hope they find solutions
 
you are limiting this issue in 1 aspect of the air lines companies, i do not think they will go bankrupt - a new system will be placed -

but for the others like Cruise ships they are going down very badly
Restaurants and bars will for sure go bankrupt / Toy industry will go bankrupt / Mall will go bankrupt simply because shop owners will not pay rent after all it empty ;)
There has never been people without jobs in 2020 , many currencies will fall to the abyss
Poverty and violence will skyrocket
and so much more ....

A new system will be placed in all of the earth , Basically a new world order / here is a question - will you be part of it ....
 
Transportation companies generally are going down cos movement is totally restricted, international businesses are going down , oil producing countries are loosing big time. I hope things get better.
 
Almost all the companies are affected by this pandemic. Transportation industry , restaurants and hotels , all are affected very badly.
 
The best bet to get off this pandemic is mercy from God cos if it continues the entire world may shut down abruptly not only businesses. The case is on the rise in my country though more are being cure and discharge.
 
Or someone should find vaccine or a medicine to treat the patients affected by this virus. It may take upto 1 year to find a medicine.
 
According to what I read from the county director of my country centre for disease control, said the scientist are working round the clock to get the vaccines but it may not be as fast as we think, control mechanism are the way forward for now.
 
Small-time travel agencies probably will go bankrupt, since they rely on flights and they pay continuously for rent and probably electric bills too. I am not sure for airlines since they are big companies. I don't agree on bus and transportation companies will go bankrupt, they just don't have any cashflows, they don't paying anyone.

We had one issue here for fishermen in our country in a specific region where they can't even sell their fish because of restricted travel to one region to another. I heard they tying to sell 2 dollars per 1 container which is probably around 100kg.
 
Small-time travel agencies probably will go bankrupt, since they rely on flights and they pay continuously for rent and probably electric bills too. I am not sure for airlines since they are big companies. I don't agree on bus and transportation companies will go bankrupt, they just don't have any cashflows, they don't paying anyone.

We had one issue here for fishermen in our country in a specific region where they can't even sell their fish because of restricted travel to one region to another. I heard they tying to sell 2 dollars per 1 container which is probably around 100kg.
I agree to an extent that bus transportation may not go bankrupt cos most of the companies pay their driver on number of trips.
On the issue of fishermen, your government should be able to provide means for them to get their products to the market and they should relax the lock down once in a while to allow people get food stuffs.
 
On the issue of fishermen, your government should be able to provide means for them to get their products to the market and they should relax the lock down once in a while to allow people get food stuffs.
yeah, that the issue, its very frustrating having this kind of problem, yet fish are foods which are basically in wastes due to pandemic. It should be prioritized. The main problem is probably, businessmen which is basically in food transports or middlemen between producers and consumers are practically pausing their business for a while due to this COVID. It's their privilege to stopped since no one controls them to continue their business in this situation. Probably they avoid conflcts and delays because of every town different mayors and more, there is a checkpoint. Hope our government were aware and should overtake these kind of problem.
 
It is better your government finds a solution to that, if the number of cases are not increasing the lockdown can be relaxed for business flow. Hunga pandemic may set in soonest if this is not curtained
 
Alot of businesses are being affected at this period of lock down because there are no people patronizing them and it's really affecting the economy. I'm just hoping this pandemic is deal with and the world is free of it.
 
Yeah, if this pandemic extend a month more many businesses will fold up, laid down their workers , government of federal and states may find it difficult to pay salaries.
 
I think there should be a bit of relaxed of this lockdown and more of protective measures taken so that the economy can be helped. If things continues this way it will be a huge problem for a good number of people especially the self-employed.
 

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