July 13, 2020
AliExpress WW
Kramer says Washington's national mask mandate is crucial for returning business travel

Kramer says Washington’s national mask mandate is crucial for returning business travel

AliExpress WW

CNBC’s Jim Cramer said Monday that a national mask mandate is crucial for resuming business travel on a large scale during the coronavirus pandemic.

AliExpress WW

“If everyone doesn’t wear a mask and there is no single decision from Washington that everyone should wear a mask, I think … corporate trips just won’t go back to how people think,” Kramer told Squawk on the Street.

Kramer said that, in his opinion, enterprises may not dare to accept into their offices a person or a group of people who have just flown out of a city where, perhaps, people did not wear a mask. “This is too dangerous.”

To avoid these difficulties, companies can stick to video conferencing on services such as Zoom and Cisco Webex, as long as they remain popular, the host said “Mad Money”. “If you can use Zoom or Webex to make a deal and everyone else uses Webex, that means your competitors are the same.”

Kramer’s comments on Monday came after Delta CEO Ed Bastian Axios said that the national mask’s mandate will increase the company’s ability to provide own policy,

“If the government had entrusted this, I think it would have helped,” Bastian said in an interview on Axios on HBO Monday night. “Because if the government obligated it, then you can enforce it.”

Delta, like all major US airlines, requires a mask on board.

On the Delta mask policy website, the company said that those who choose not to comply with this or other safety requirements are at risk of future carrier privileges.

Last week, American Airlines temporarily banned a client who was deselected in New York for refusing to wear a mask on an airplane.

Airlines were destroyed by the Covid-19 outbreak due to home stay mandates and other travel restrictions. But as the states relax restrictions aimed at slowing the spread of the virus, the number of trips begins to grow, although it is still much lower than last year.

On Sunday, 590,456 people passed the TSA checkpoints, according to the agencycompared with more than 2.7 million a year ago, before the outbreak. The number of checkpoints on Sunday was the highest since March 20, when 593,167 passed security checks. According to TSA, in April fewer than 100,000 people passed through the security system for several days.

Investors closely monitor business trips, because they are usually more profitable for airlines than tourist trips. “Given the fact that a 1% change in corporate travel volume affects airline profitability by 10%, it’s not an insane assumption that the airline industry will struggle to make a profit again,” said Mark Manduca, EMEA Deputy Director for Research at Citi This was reported to CNBC earlier this month.

Public health experts now believe that wearing a face mask in public can significantly help limit the spread of Covid-19. The Centers for Disease Control and Prevention currently recommends people wear fabric facings in “public places where it is difficult to maintain other measures of social distance”.

Senator John BarrassoHe is also a doctor, told CNBC last week that wearing a mask on an airplane as well as in a movie theater is crucial. “I think there is an increased risk for people. In such situations, people should wear masks, ”said a Republican from Wyoming.

Kramer said he personally hesitates to fly due to the lack of a stricter national policy regarding face coatings. “I really want to travel, but I’m not going to fly until I find out that everyone has masks, because that’s how you protect yourself,” he said. “It’s not necessary to have a mask – it’s like saying“ Hey, Covid is not necessary. ”

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