Originally Posted by
beis77
I agree with Goggles. If Delta cuts down this deep, then we pretty much don’t have an airline left. It would be a shell of its former self, dragged through BK and pay cuts like last time. People would be on the streets for the better part of a decade, and probably would have better careers by the point they’re recalled. Anyway, those numbers seem extreme to me, but I’m no expert, just trying to stay optimistic. If it does play out the way you said, then I guess I’ll see you in 2028...
I admire your optimism. Were you around this industry pre/post 9/11? Prolly not. That was a 20% haircut into the seniority lists. During that time and thru the economic turmoil that followed for almost the next decade and a half.
This event is much, much worse and will take much longer to recover from - if ever. We'd be lucky, very lucky to get a 30% haircut. My guess is a min of 40% if not more.
You won't see me in 2028 I'll be long gone by then.