KW: Completely empty airports! Wow this is something huge, if you’ve ever been through Dubai Airport on Emirates flights you will know just how crowded the airport usually is. To see it empty of travellers is quite remarkable, certainly a ‘collapse’. The Covid-19 outbreak across the world has crippled the airline industry: jet fuel prices are plunging after more than 200,000 flights have been canceled for virus containment purposes; countless carriers have slashed guidance, and furloughed pilots as popular flight routes have been put on ice. This is, of course, on top of Boeing’s dismal Boeing 737 MAX problems.

And now we’re learning that Europe’s aerospace giant, Airbus, could cut A330 output amid waning demand for its most popular wide-body airliner. The decision whether to cut will come later this month.

“This is the greatest crisis the travel retail sector has faced, worse than [severe acute respiratory syndrome], the two Gulf wars or various financial crises.”

Source: Travel Sector Collapses Into “Great Crisis” Amid Slump In Flight Bookings | Zero Hedge