Rex Fowler
Staff Writer
Coronavirus is ruining many people’s lives. Quarantine is causing many people to lose their jobs and resulting in many companies going out of business. People have not been allowed out of their houses for a few months now and that has limited the number of shoppers and travelers.
Companies are declaring bankruptcy and laying off many of their workers. Some of these workers won’t get their job back after this is over. A major company, JCPenney just declared bankruptcy on May 4. This will have a devastating effect on many shopping malls across the US because JCPenney is one of the main anchor biggest stores in most malls. Malls across the US are already seeing a large decrease in shoppers.
Airline companies like Delta and American are losing over $50 million per day along with retiring parts of their fleet. They have few daily flights with an average of 23 people on each flight. As of now employees of Delta are safe because of the government payments that Delta was issued. Pilots are paid hourly and not by a yearly salary. Their pay is cut by around 50% with these limited flights. Coronavirus will have a lasting effect on the airline industry.
Many small businesses, restaurants, and bars are being closed because of the lack of customers. Community members have been trying to support these businesses even through the quarantine lockdown. Even this help isn’t enough to keep some businesses open. Quarantine needs to end in order for these businesses to be saved.
