Originally Posted by
Itsajob
I forget the actual number they gave in the town hall the other day, but it wasn’t that great. We are running a 90% reduced schedule and can’t fill a plane. As states and cities slowly open, our loads will slowly increase as well. It was also mentioned that they are planning on using spare mainline aircraft to increase capacity as things start to recover. Not necessarily adding flights, just putting a bigger plane on the same schedule. The original forecast of demand being down 30% by year end is long gone. They are now predicting (hoping for) loads to only be down 30% by summer 2021. The casualties are going to be high on this downturn.
10/1 will be a bloodbath for most of the industry.
However I don’t give their forecasts any credibility. Mgmt is just throwing darts and making wild ass guesses. There hasn’t been an economic event like this before and they having nothing to go on. The forecasts are just worse case scenarios to tell the stock holders, and make some kind of long term plan.
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