THE LEX COLUMN: Airlines will need oxygen masks to survive Covid-19

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US ban on travel from Europe will squeeze revenues further

“In the event of a decompression, an oxygen mask will automatically appear in front of you.” Airline executives could do with a reviving blast of air themselves. A US ban on travel from Europe will further choke off their revenues.

President Donald Trump perceives the US as a fortress, given fewer cases of coronavirus. But this mainly reflects a lack of testing in the US. Banning flights from 26 European countries will do little to halt infection, even as it spreads financial contagion.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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