The airlines claim to be losing $200 million a day while European airspace was closed. But of course that’s B.S. They’re hoping to be bailed out and so must start with a high figure.
At most they are losing $200 million a day in revenue. But how much should be subtracted from that $200 million for fuel not being burned, crews not being paid? And how much should be added back when the flights begin and the stranded passengers fill every seat? And how much more for the interest the airlines earned on tickets paid in advance for trips deferred?
Just sayin’.