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| Quote Cronus="Cronus"If you have something booked for the next 2 months or so, wait. It's highly likely there will be almost zero aircraft in the skies in a week or two as airlines start to ground fleets and therefore cancel almost all flights. Many have grounded significant proportions of their fleets, some have stopped operating altogether. Some will never come back from this, but that's another discussion.
If the airline or tour operator cancels, you get a full refund. If you cancel while the flight is still scheduled to operate, you only get money back as per fare rules, perhaps minus a fee or only just a few taxes - often regardless of political advice at either end. Some airlines are holding out on some routes and keeping the flights scheduled in the hope passengers will cancel and they keep the money. Emirates is one. We'll have to see if they cancel at short notice.
If they offer a free change to later in year - up to you. Take it or insist on a full refund, after all they can't fulfil the flight.
Will insurance pay? Depends on your policy. Based on the "all but essential travel" advice some will - but some won't. No policies taken out from this week will.
And remember things are changing hour to hour. It may - and probably will - reach the point of instruction rather than advice, and then total lockdown in which case insurance should almost certainly pay if the airlines play hardball.
Right now anyone living in the UK travelling overseas for anything other than a truly critical or COVID19-related reason needs a slap.'"
Thank you for the advice, Luckily were not travelling until October, and could get messy if its not all sorted by then as were travelling to 3 different destinations and they have all been booked separately. Also and on the advice of Martin Lewis we took out insurance a couple of weeks ago. However, for people about to go on holiday I do think the advice from the Foreign office was a bit wooly by only advising UK citizens not to fly.
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| Quote Scarlet Pimpernell="Scarlet Pimpernell"The only way you can claim off a travel policy is if your flight is cancelled because the government of the U.K. or the country you are visiting stop all flights or entry. If you decide just not to without either of these conditions then you will lose your money.
I am due to travel to Portugal in April and I have been offered a chance to change my flights but if I did so now I could not reclaim any other costs.
It is the same with BI cover, I believe the government said you can claim however I hope they have agreed this with the insurance sector.
With regards travel cover if you have not taken out cover by now I regret the virus will be excluded.'"
That was my. point, the UK government only advising not to travel doesn't help a lot, surely would have been much better to have said we cannot travel until (say) the end of April. Were not flying until October but already have our insurance just incase 
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| Quote Sal Paradise="Sal Paradise"Really what would you suggest is a good EBITDA % return?'"
newsflash, we are not in the US...
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| Quote IR80="IR80"newsflash, we are not in the US...'"
They only use EBITDA in the US? 5h1t the bed - I've been doing my MA wrong for the past 10 years... 
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| Quote IR80="IR80"newsflash, we are not in the US...'"
OK what would you consider to be a good Net profit % - do you know the difference between EBITDA and net profit?
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| Quote IR80="IR80"newsflash, we are not in the US...'"
The US doesn’t generally recognise it.
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| I have the basic sky sports subscription specifically for super league. Obviously that’s the only reason I use this service. So now I am paying for a service I am not receiving. Not certain if I should suspend payments.
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| Quote Backwoodsman="Backwoodsman"I have the basic sky sports subscription specifically for super league. Obviously that’s the only reason I use this service. So now I am paying for a service I am not receiving. Not certain if I should suspend payments.'"
Yes you can - they have sent a circular out saying you can suspend payment for Sky sports
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| Quote Sal Paradise="Sal Paradise"Yes you can - they have sent a circular out saying you can suspend payment for Sky sports'"
Thanks for the heads up. As I have logged previously when this is all over the business world will be decimated. Picking itself up will be a major challenge. Since my previous missive about the drop of turnover of someone I know. Since then i know of 1 bar and 1 restaurant closed down indefinitely. Obviously when these places close there is a knock on effect with suppliers to these establishments.
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Observations from the last few days.
Anyone stockpiling or profiteering should be shot on sight.
People are starting to understand. Slowly. There are still too many idiots out there thinking it doesn't apply to them.
The government is doing a sterling job. This week's measures will save millions of jobs and businesses. The damage is still going to devastating but these levels of support are reassuring. Many thousands in my sector have been laid off already, these measures could save most of them as they can be applied retrospectively even if already laid off.
The Guardian is most despicable, divisive, fear-mongering feckin pathetic rag. Makes the Mail looks positively saintly.
12 weeks (or more) at home is gonna be a bstard. But not as much of a bstard as frontline NHS workers are about to face. Calm before the perfect storm.
Is the government's strategy correct? My question in response to that would be - so Taiwan (and other places) have shut down and contained things really, really well - but what then happens as soon as they relax and the population floods back out there and flights recommence and some bugger jets in breathing COVID19 all over the place? They're back to square one, whether in May/June/July or end of the year and a vaccine before then is unlikely.
We are timing things carefully. Shut down too early and it's pointless. People cannot and will not isolate for more than a couple of months, and the population is still susceptible. Shut down too late and...it's too late. Isolate the vulnerable early and then shut down at the right time and you will already have people recovering and therefore immune and able to get back to work. The virus then also spreads far more slowly enabling the NHS to manage as best it can.
You cannot contain or escape this virus, you have to accept that and manage the outcome as best you can.
They've denied herd immunity is part of the strategy but it was let slip and to be fair it makes sense. The problem is that means exposing some people who will die, and society cannot handle that. Some people - quite a lot - are going to die whatever happens. I'm not sure why that was such a shock when Boris said it.
This is a great demonstration of how it works (albeit the models don't eliminate the deaths): https://www.washingtonpost.com/graphics ... simulator/
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Observations from the last few days.
Anyone stockpiling or profiteering should be shot on sight.
People are starting to understand. Slowly. There are still too many idiots out there thinking it doesn't apply to them.
The government is doing a sterling job. This week's measures will save millions of jobs and businesses. The damage is still going to devastating but these levels of support are reassuring. Many thousands in my sector have been laid off already, these measures could save most of them as they can be applied retrospectively even if already laid off.
The Guardian is most despicable, divisive, fear-mongering feckin pathetic rag. Makes the Mail looks positively saintly.
12 weeks (or more) at home is gonna be a bstard. But not as much of a bstard as frontline NHS workers are about to face. Calm before the perfect storm.
Is the government's strategy correct? My question in response to that would be - so Taiwan (and other places) have shut down and contained things really, really well - but what then happens as soon as they relax and the population floods back out there and flights recommence and some bugger jets in breathing COVID19 all over the place? They're back to square one, whether in May/June/July or end of the year and a vaccine before then is unlikely.
We are timing things carefully. Shut down too early and it's pointless. People cannot and will not isolate for more than a couple of months, and the population is still susceptible. Shut down too late and...it's too late. Isolate the vulnerable early and then shut down at the right time and you will already have people recovering and therefore immune and able to get back to work. The virus then also spreads far more slowly enabling the NHS to manage as best it can.
You cannot contain or escape this virus, you have to accept that and manage the outcome as best you can.
They've denied herd immunity is part of the strategy but it was let slip and to be fair it makes sense. The problem is that means exposing some people who will die, and society cannot handle that. Some people - quite a lot - are going to die whatever happens. I'm not sure why that was such a shock when Boris said it.
This is a great demonstration of how it works (albeit the models don't eliminate the deaths): https://www.washingtonpost.com/graphics ... simulator/
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Good post Cronus.
I think this crisis is a good way of shining a light on peoples' character. You very quickly see who thinks "me me me" and who has a sense of duty/community. Amongst the people I know/ my facebook feed etc the correlation I have noticed is that the ones who are usually the loudest to bang on about "patriotism" and "we should put British people first", are the ones who are now least willing to make any compromise in their lives that might help protect vulnerable or elderly people in their community.
You have summed up the basic trade-off well and basically that argument is what underpinned the Imperial college modelling that is now driving the government's strategy: https://www.imperial.ac.uk/media/imperi ... 3-2020.pdf
One interesting challenge will be, if the social distancing measures are TOO successful, it will undermine support for the measures themselves. What about if it all works, and the death count slows to a trickle. Everyone will start saying "come on, its just like the flu whats all the fuss about, let us get back to work".
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Good post Cronus.
I think this crisis is a good way of shining a light on peoples' character. You very quickly see who thinks "me me me" and who has a sense of duty/community. Amongst the people I know/ my facebook feed etc the correlation I have noticed is that the ones who are usually the loudest to bang on about "patriotism" and "we should put British people first", are the ones who are now least willing to make any compromise in their lives that might help protect vulnerable or elderly people in their community.
You have summed up the basic trade-off well and basically that argument is what underpinned the Imperial college modelling that is now driving the government's strategy: https://www.imperial.ac.uk/media/imperi ... 3-2020.pdf
One interesting challenge will be, if the social distancing measures are TOO successful, it will undermine support for the measures themselves. What about if it all works, and the death count slows to a trickle. Everyone will start saying "come on, its just like the flu whats all the fuss about, let us get back to work".
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