Good morning, it’s Paul here, with Friday’s SCVR. As usual, this is initially a placeholder article, to allow subscribers to add comments from 7am, as I gradually write the main report throughout the morning. I have to stick to the official 1pm finish time today, due to travel plans.Edit at 11:19 – today’s report is now finished. I hope you’re all coping alright with the current very difficult market conditions. It’s a gruelling time, so I sympathise if your portfolio is getting knocked about as much as mine. In case you missed it, I wrote a new section late afternoon about Hostelworld (LON:HSW) in yesterday’s report. The key issue with travel companies, is whether they can survive the sudden drop in passenger numbers. I focused on this in my report on HSW, and it’s a good template for looking at other travel companies too. As Flybe showed, airlines that are already in trouble, are likely to be pushed over the edge with recent developments. I’ll focus on that here, and try to steer readers away from companies that could go under, as usual. There’s an interesting article here in today’s
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