Originally Posted by
sailingfun
Oil prices, everyone built their business plans around oil being a max of 60 a barrel. If it drops down below 60 I think this will be a blip. If oil stays high you might see a longer period without hiring however retirements provide a safe cushion against furloughs unless the company just decided to use every contractual clause to stick it to the union. If they did that they would be costing themselves money with the current furlough protections so its highly unlikely. Money rules!
Everyone? So where is the money going then? A trickle of 'new' growth airplanes, debt increase on those contained; a refinery that gave us a bit of an advantage wrt fuel prices... etc.... I agree that hiring might slow, but I am not sure I agree with your assertion that 'high' oil is the culprit.