To be fair, Flybe was on borrowed time. It feels like Coronavirus was a fig leaf for poor management and the owners wanting the UK government to give a loan rather than them investing in their own business.

That’s not to say this virus isn’t affecting the economy but the government’s decision not to offer a loan is what pushed Flybe over.

Almost all airlines are operating on the line. I think we will see many more go out of business. Budget airlines because no vacations and scheduled airlines because no business travel. Only the larger ones would survive based on bank relationships.