Originally Posted by
chrisreedrules
And we have depression-era levels of unemployment too. Not to mention the people who do have money not spending it on traveling and vacations and saving it instead due to economic uncertainty.
I have access to data you don’t and I know much more than I post on APC. In a recent UK Virtual business conference they showed data that said that an almost overwhelming majority of people will not likely get on an airplane in the next 6 months. 50% by the end of 2020 and 75% by the end of 2021 is the goal.
I tend to agree with most of this. I mean hell, my wife travels for FREE and won't get on a plane to go visit her family. This is something she would do regularly every couple of months prior to this. Her employment, a completely tourist/high end vacation property, still hasn't even contacted any of their employees to come back to work, let alone reopen the resort.
I think people are getting excited because they see airplanes with more people on them, but it is only due to a slight increase in new business and a whole bunch of consolidation. All it is going to take is one of these states that opens up to have a large spike and this all resets again.