Airlines nosedive as Covid-19 takes its toll, who are the winners and losers?

AS the price of airlines stock collapse it is not just shareholders who are suffering . As ever there are winners as well as losers. It looks like it will be a while before we see as many people flying including business travel so there is going to be a greater need for people to store and share data in a highly secure manner so could this be another reason we see more people embracing Blockchain technology?

Warren Buffett announces he has sold all $4 billion exposure to airline stocks and now has $130billion in cash approx 30% of his investments

There are 48,000 commercial planes consuming 8 m barrels of fuel a day i.e.8% of total demand for oil

Looks like Boris Johnson may get his wish not to have a third runway at Heathrow

The world’s only ETF dedicated to Jet airline industry has fallen by 49% in the last year

Norwegian airways share price has fallen from €23 in 2016 to 40 cents a fall of almost 98%

High street travel agents suffer another nail in their coffin

Staycations i.e. your local BnB look set to soar as people stay at home

With more people working from home and less business travel there will be a greater need to hold and share data more securely?—?Blockchain technology offer military grade security

Governments will need to improve the TRUST that their citizens have in them- Transparency and access to immutable information will be key hence the demand for Blockchain powered platforms

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