Patrick Whyte

The aviation industry is going to change dramatically over the coming weeks and months. Lufthansa thinks it is well-placed to ride this one out, but how many other airlines can say the same?

Given that we still don't know enough about the coronavirus, is this a case of overoptimism? Whatever happens, an online player like Lastminute.com is probably more resilient than asset-heavy travel companies.

Even the best-run airlines will eventually run out of cash if ticket sales dry up. Governments across the world are going to have to step in.

Of the big global hotel chains, IHG is so far leading the way in terms of a customer-centric cancellation policy. Its rivals should take note.

One of Warren Buffett's best known bits of investment advice is: "Be fearful when others are greedy and greedy when others are fearful.” The fundamentals for TUI still look good, so Hamed El Chiaty might have just struck a bargain deal for himself.

As far as warnings go, this is about as stark as you can get. For Korean Air Lines, its very survival really depends on how long the coronavirus crisis lasts.

Travel companies are having to adapt not just to a new world for their customers, but for their staff too. This might be a temporary change, but when things return to normal, will our working habits revert as well?

It's hard to know whether greater transparency will benefit or hinder these short-term rental platforms. Might lawmakers use the information as a stick to wield over the industry?

There's not much travel companies can do about the coronavirus outbreak. Like many of its peers, Hostelworld is having to execute its growth strategy in an unfavorable environment.

This seems like a sensible approach from TUI. At the moment, there are just too many unknowns, but it does seem like things will get worse before they get better.