Coronavirus bankruptcies
The first major corporate casualty of the coronavirus outbreak is Flybe, a British airline that was until today a major player on domestic routes and those to nearby European cities. Flybe was already in very serious financial difficulty, but the virus's impact tipped it over the edge. A Japanese cruise operator also went bankrupt earlier this week due to passenger cancellations—again, it was already a financially troubled business. Fortune
The first major corporate casualty of the coronavirus outbreak is Flybe, a British airline that was until today a major player on domestic routes and those to nearby European cities. Flybe was already in very serious financial difficulty, but the virus's impact tipped it over the edge. A Japanese cruise operator also went bankrupt earlier this week due to passenger cancellations—again, it was already a financially troubled business. Fortune