Originally Posted by
trustbutverify
All of those events have already happened, so you're right, he wasn't saying those things are coming true. So I guess our JV partners must be immune to those kind of things happening in their back yard because they continue to fly more than 50% of the JV flying. Must be some awesome management at those airlines.
Doesn't seem like they're immune to me. I own a little AF/KLM stock, and they haven't done very well. I don't know whether we pulled back, or simply failed to grow into our targets, but everything I read about the Atlantic market says it's soft, so I think it was problematic to add much capacity.
Wat in Ukraine, economic collapse in Europe, revolution in Egypt... are all plays in which we might have seen but the first act. I wouldn't presume to predict the future on any of these points.