Originally Posted by
OTZeagle1
China is 3 months ahead of us, 70% of domestic travel has returned, 60% load factor. They are a manufacturing based economy. We are a consumer based economy, much wealthier, but with the current expectation that 20-30% of small businesses will fail in the next 6 mos. Alaska’s Captain reduction bid will be out in 4 to 6 weeks. Quote from our CEO, “we will be a 10-15% smaller airline this fall.” The numbers I shared come from Alaska’s fall schedule. I hope you are right though, I just stoped believing in Santa Clause at age 5.
I assume this downgrade bid will be effective October 1, otherwise would it not violate terms of the bailout money.