Economy coming down with Swine Flu
The media is doing a good job reporting on the Swine Flu, but they fail to look past two dimensions. If Swine Flu is hurting travel, won’t it hurt airlines and an already weak economy? Seems the economy is coming down with the Swine Flu but the media hasn’t noticed yet.
MEXICO CITY (Reuters) – “New swine flu infections were found around the world on Tuesday and the specter of a pandemic began to hit the travel industry as governments warned people to stay away from Mexico where 149 people have died.
“The United States said it now had 65 cases of swine flu, Canada announced six more infections and new cases were also confirmed in Israel and New Zealand.
“The United States, Canada and the European Union advised people to avoid non-essential travel to Mexico, and Cuba suspended all flights to and from Mexico for 48 hours.
“Carnival Cruises said it canceled stops at Mexican ports for three of its ships on Tuesday and the Canadian tour operator Transat AT postponed flights to Mexico until June 1 due to the swine flu alert.”