Originally Posted by
CVG767A
This has become a pretty long thread, considering that it's in response to an analyst's comment. We've all seen them to be wrong and ill-informed far too frequently. It's a wonder that anyone actually pays them for their opinions.
I'll bet against the analyst this time, too.
It seems that the general consensus amongst the economists is that we are headed into a recession of some sort. The degree of which they don't know. The problem for those airlines whose contracts are coming up on the amendable date is that they are going to have to negotiate in a declining economic climate and management will take full advantage of any bad economic news. It will be to management's advantage to drag out any negotiations until the economy starts to go south.