Originally Posted by
Itsajob
Airlines are shrinking due to weakened demand, not a plan to shrink to profitability as in the past. It’s hard to pick up what isn’t there. The core of the LCC’s revenue stream is leisure travel. Not only the airlines are taking it in the teeth. Many small businesses are going months with little or no revenue as a result of various stay at home orders and social distancing policies. There will be a bunch of restaurants and other small businesses that don’t open back up. A big percentage of people are going to either be without work, or trying to recover from months of little or no income. Taking the family to Disney World isn’t going to be a very high priority for a significant percentage of the leisure market.
That's what I keep trying to tell people. Everybody is like "all my friends are itching to travel once everything opens back up" like that is the only factor without taking into account the economy. How are all these people going to travel with the almost zero money they are making right now? Also, who is going to travel while any type of social distancing is still going on? That is why it will be years before we see 2019 numbers.