Around half a million people directly or indirectly employed by aviation in UK are fervently hoping it doesn't go on long. At a cost of £200m a day, just in UK, there are several businesses in aviation already looking shaky. The cash outflow right now is horrendous, and it will get worse. It may well see more than one airline closed permanently.
The airline industry is one of the most heavily subsidised industries in the UK, and around the world. A few of them going bust will be no loss to the majority of people and we will get a few planes out of circulation permenantly which can't be a bad thing. Less noise, less polution, less money coming out of the tax payers coffers.
Really? You are referring, I assume, to the fact that aviation fuel isn't taxed. You're right, it's not. When international aviation treaties were negotiated, no workable method could be found of applying tax evenly worldwide. That is, if you like, a failure of politics, not some subversive trickery of the industry. I'd love you to show me in what other way the industry is 'subsidised'. There are no grants, no other tax breaks, nothing. And extra tax is levied, over and above all normal taxes, directly on the airlines for each ticket sold.
Of course there is also a human cost if an airline goes bust and people loose their jobs. Welcome to the real world where this happens to people every day in all sorts of industies. I've been made redundant 5 times in the past 20 years. Crap happens to all of us all the time but we just get on with life as well.
Are you trying to suggest that the airline industry is immune to economics, and doesn't see companies go bust? Can I refer you to the 40-odd airlines that have gone bust over the last 18 months? Don't tell me to get real - many of my friends are unemployed now, and some will remain so for a very long time. Many will have to move a long way away from UK to get another job. Many will have double your number of redundancies. Airlines are amongst the
least secure employers, especially in UK where there are no, repeat no, government-subsidised companies.