Recap: Travel Won’t Recover Til 2024? Capital One Number Online & More

  • Recovery Delayed as International Travel Remains Locked Down by IATA. IATA saying that travel won’t recover until 2024. Keep in mind that IATA is a lobbying agency and airlines have begun putting their hands out for more money so this is hardly surprising. I think recovery timelines are pointless at the moment

 

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Pessimist
Pessimist (@guest_1026891)
July 31, 2020 10:43

You know, 2024 is actually on point. Sprinkle a few mega-bankruptcies, some famine, and maybe a war or two, then we’re about there.

Frank
Frank (@guest_1026843)
July 31, 2020 09:46

I don’t think a *full* recovery until 2024 is unreasonable — virus will damage travel at least though 2021 and recession effects could certainly drag that 2 more years. BUT they don’t deserve a bailout because travel will be down, that’s the normal business cycle

Security
Security (@guest_1027199)
July 31, 2020 16:41

They don’t deserve a bailout because they have no reason to get one. Why should taxpayers bail out private companies that failed? That’s capitalism at work.

Fork Lyft
Fork Lyft (@guest_1027334)
July 31, 2020 20:20

That depends. Republicans bail out the wealthy, and Democrats bail out the poor. Everyone in the middle can go fly a kite.

Security
Security (@guest_1027367)
July 31, 2020 21:26

I agree with some caveats that I won’t get into. Fair enough point.

NoMatches?
NoMatches? (@guest_1027656)
August 1, 2020 13:18

The government forceably shut down businesses. They even threatened and followed through in taking business license in some states.

This is not in any way shape or form a normal downturn in business. Most things would be back to normal if not for the goverment. There is nothing partisan about that specifically. It is partisan which politicians did what and how much, and that applies worldwide in the handling of this.

Just compensation clause of the fifth amendment requires the government to repay what is taken from private entities. This revenue was taken from them and therefore should be returned. This was their choice and now it’s time to pay up and put their political careers on the line for all their virtues.

I promise you this will be a huge national discussion when things quiet down.

Security
Security (@guest_1027661)
August 1, 2020 13:28

I’ll be awaiting your fulfilled promise. In the meantime I’m going to go live in the real world.

NoMatches?
NoMatches? (@guest_1027662)
August 1, 2020 13:30

Whatever you say chief. I give you a nice explanation and like most people you give me garbage condescending response.

Security
Security (@guest_1027740)
August 1, 2020 15:44

It wasn’t a nice explanation. You didn’t give a single reference, and even then half of it is taken out of context.

Ex: “the government forcibly shut down businesses”
Yes it did. It shut down every business deemed non-essential to save the lives of US citizens. That’s the duty of the federal government, not an overreach of power as you imply.

You then go on to say “most things would be back to normal if not for the government” which makes me immediately believe that you have been staring at Fox news all day, as the rest of the world knows very well that the early reopening of business (and failure to shut down much of the US) is what is causing the problems. So technically you are right, but not because they overstepped in shutting businesses down, but rather because they didn’t do it long enough.

I’m going to stop here because it’s not worth my time to keep rebuking some random person on the internet. It’s Saturday and I’ve got things to do.

YoniPDX
YoniPDX (@guest_1026822)
July 31, 2020 09:24

In all likelihood travel has changed forever with the patchwork approach countries and bans have taken.

Considering America is still on the first wave of COVID19 – as is India, Brazil and others – sans a vaccine we are likely to reach herd Immunity quicker than other countries. Seeing that with the expanded testing showinging 30-40% of the positives results are people who are asymptomatic or extremely mild. Which bodes well for more plasma therapy.

That said while Americans are PNG on most countries we could eventually become preferred if testing postive for Antibodies after a postive test.

That said the second wave in China could be a raging forest fire without a vaccine.

T
T (@guest_1026845)
July 31, 2020 09:48

Does anyone really know what’s going inside of China?
The narrative of the virus is quickly changing. With the inadvertent herd immunity Mumbai story, Sweden doesn’t sound so silly after all. What we may see in the media in a couple more months is likely that countries are all more or less reaching a converging case fatality ratio with areas that imposes stricter lockdown taking a longer timeline, which IS a good thing since health care system is not overloaded during the process. At that point we will likely see that US and Europe quickly undo their bans while other countries like Vietnam, Taiwan and S Korea face with the tough dilemma of foreign tourism vs GDP.

Matthew
Matthew (@guest_1026863)
July 31, 2020 10:15
  T

Vietnam after 99 days with 0 case, now they are having a second wave which was brought from illegal people crossing the border ( mostly from China). Taiwan and Korea are doing well also. They learnt that shutting down is not a good option anymore since it crashes the economy.

David Michael de Medicis
David Michael de Medicis (@guest_1026951)
July 31, 2020 11:41

For the level of infection to be high enough for “herd immunity” to be developed, millions of people have to die first.

Ann
Ann (@guest_1026979)
July 31, 2020 12:13

And “herd immunity” might not even be possible without a vaccine; it’s looking like most people’s immunity from catching the virus doesn’t last more than a few months. Some of the vaccines being tested seem to produce a longer-lasting immunity, but even those still might need boosters (additional vaccinations) after a couple years.

NoMatches?
NoMatches? (@guest_1027657)
August 1, 2020 13:22

Please show me a study with a sample size over 100,000 that proves you don’t retain immunity in a healthy person for more than “months”, I’m not sure how your gonna produce that.

YoniPDX
YoniPDX (@guest_1027004)
July 31, 2020 12:48

Not necessarily, if Convalescent Blood Plasma Therapy can be ramped up and harvested from the 30-40% who are asymptomatic and the recovered . The global recovery percentage is approx 60% of the 17M who have tested postive.

So if Plasma therapy is distributed thru Triage to the highest risk groups POC, and other comorbidities – then from those that adminstered and recovered harvest more plasma paying it forward.

Ann
Ann (@guest_1027101)
July 31, 2020 14:35

That would certainly help, but so far, they’re nowhere near even getting enough plasma from recovered Covid patients for the people dying in ICUs, much less for preventive doses to people who haven’t gotten sick yet. Most people only have a few months after getting sick to still have enough antibodies for the plasma to be helpful.

Anyone who might’ve had Covid and is healthy enough to donate blood, please do so ASAP. They will test your antibody levels then, and call you back to do plasma donations if they find you still have enough antibodies.

Joe
Joe (@guest_1027141)
July 31, 2020 15:45

What is the cost of Convalescent Blood Plasma Therapy? So far the highest risk groups have been some of the lowest economic groups. Who will foot the bill for their treatment?

Not saying we should let them die, just putting it out there that this is not a “solution”, it’s merely trading one problem for another more palatable one.

YoniPDX
YoniPDX (@guest_1027172)
July 31, 2020 16:16

AFAIK and IIRC the CARES act covers everyone insurance or not. This has been my understanding – I didn’t read the massive bill (act). I’m guessing that Plasma therapy is fairly inexpensive therapeutic – again ramping it up might be a different story with equipment.

Security
Security (@guest_1027201)
July 31, 2020 16:42

for now

NoMatches?
NoMatches? (@guest_1027659)
August 1, 2020 13:25

You do realize some states and countries don’t report a recovered patient stat?

YoniPDX
YoniPDX (@guest_1027714)
August 1, 2020 15:03

That’s why I used Global numbers. The only time I’ve even heard the news report on recovered cases was last February with the Princess Cruise quarantine where 10 people died and 700+ tested positive out of 3,505.

US recovered tally is 1,675,461 approx 36.5%

NoMatches?

NoMatches?
NoMatches? (@guest_1027660)
August 1, 2020 13:27

Based on Sweden that isn’t remotely founded in reality.

Tina
Tina (@guest_1026980)
July 31, 2020 12:14

Achieving the 90%+ threshold for herd immunity on any meaningful scale would take years even with a vaccine. Doing the same without a vaccine would take much longer and would be costlier in terms of human death toll.

NoMatches?
NoMatches? (@guest_1027658)
August 1, 2020 13:23

Where the heck did you get 90%+?