Airlines – the canary sings!
IATA has once again revised down its pessimistic outlook. This new bleaker outlook is based on more recent passenger data…
Airlines – a leading economic indicator?
The airline industry is one of the few global industries that have previous experience of dealing with a virus. The…
Dead Companies Walking?
Although there have been relatively few liquidations during the pandemic crisis, this can be attributed to forbearance and government supports.…
Hertz – Bankrupt Stock Sale!
Interesting times when the US Securities Exchange Commission feels compelled to stop Hertz, in bankruptcy, selling new shares to the…
A ‘U’-‘V’ Recovery?
This recession is unprecedented in terms of the speed of its onset, government-mandated shutdowns and the combination of both a…
U.S. Officially Entered Recession in February
The NBER has determined that a peak in monthly economic activity occurred in the U.S. economy in February 2020, ending…
This Time It Really Is Different!
In an interview with Bloomberg Markets, Carmen Reinhart and Kenneth Rogoff make some convincing arguments why they believe that the…
Airline dominos starting to fall!
Lower Passenger Capacity Going Forward As widely expected there has been an increase in the number of airlines entering bankruptcy…
Round two, the ECJ comes out fighting!
In a rare and strongly-worded statement, in reaction to the German Constitutional Courts ruling, the ECJ affirmed its sole “jurisdiction…
German Court Decision Threatens to Upend the EU Legal System!
The German constitutional courts decision to set aside the ECJ's 2018 decision has enormous implications for the principle of primacy…