U.S. Domestic Flights Could Be Shut Down “..the once unthinkable scenario of halting all commercial domestic air travel..By Todd Horwitz, Bubba Trading

 

U.S. airlines are grappling with the once unthinkable scenario of halting all commercial domestic air travel as concerns about the spread of the coronavirus hurt demand for flights.

It is not certain that the administration will take that action — which would be the first time the U.S. instituted a blanket air travel ban since the wake of the Sept. 11, 2001, attacks — or whether such a ban would last two weeks, a month or longer. But several airline executives told CNBC they are considering all possibilities. The executives cautioned that such a ban was not imminent.

President Donald Trump, speaking on Saturday, said he is considering potential travel curbs to areas hard hit by the coronavirus, which has infected roughly 170,000 across the world and killed more than 6,500, according to data compiled by Johns Hopkins University. In the U.S., it has spread to roughly 3,800 and killed at least 69, according to Hopkins.

Airlines around the world are racing to preserve cash as demand for flights craters after political leaders turn to increasingly draconian measures that have disrupted daily life in an effort to stop the spread of COVID-19.
On Sunday, acting Homeland Security Secretary Chad Wolf said “all options remain on the table” when asked at a White House press conference whether the administration is considering a halt of domestic air travel. A day earlier, President Donald Trump said the American public should avoid unnecessary travel. Early Monday, the administration expanded its 30-day ban on most European visitors to Ireland and the U.K., an unprecedented curb on international travel.

The International Air Transport Association, whose members include several US airlines, said this week it is urging governments around the world to “take urgent measures to ensure that air cargo will be available to support the global fight against COVID-19.”

Sara Nelson, president of Association of Flight Attendants-CWA, told CNN a ban on domestic flights should be implemented only if health experts believe it truly necessary because “airlines provide the ability to move equipment and experts around.” Smooth air travel is necessary “in order to move goods and supplies in order to eradicate this,” she said.

Todd “Bubba” Horwitz
BubbaTrading.com

 

Financial Markets and Political Commentary

 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.