It does not look like British Airways will receive any bail out as the planned re-structuring exercise by the airline could lead to 12,000 employees being laid off. Southwest Airlines is also facing similar challenges as the airline is recording its first loss in 11 years. Southwest Airlines CEO, Gary Kelly, is confident that the global economy will bounce back but the recovery by companies and individuals will come with some pains, according to a CNN report. Expressing the same sentiments, Guillaume Faury, CEO of aircraft manufacturer, Airbus, said coronavirus is the industry's "gravest crisis" just as Harry Theocharis, the Greek Tourism Minister, lamented that their economy is suffering from lack of tourism revenue.