Thread: Moving Forward
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Old 01-11-2021 | 11:07 AM
  #39  
GA2Jets
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Originally Posted by WhiskyWhisky
Time for a little history lesson. A long time ago, in a galaxy far, far away (that's like 10 years ago for you kids), oil crude prices hit $70 to $130 a barrel due to Washington policies.

https://www.seattletimes.com/busines...longer-wanted/

“The economics are awful, especially in a time of high fuel prices,” Aboulafia said. “It makes sense if you’re focused on market share, hub preservation and other really outmoded concepts. But if you’re focused on profitability, then 50-seats begin to look awful.”If oil prices remain in the $75-per-barrel range and businesses continue to be conservative with travel budgets, the retirement of 50-seaters may accelerate, said consultant Boyd.

“The small-jet airplane era is over because the economics simply are not there,” Boyd said. “They couldn’t make money with $50 oil, and they sure as heck can’t make money at $75 oil. The only people who love these 50-seaters are the chiropractors who have to fix what they do to peoples’ backs.”

Nothing like shooting yourself in the foot to end your quickly advancing career with a vote for the same policies from that..... galaxy far, far away. Oh wait, they don't teach History in schools anymore. Sorry.... "fact-check" me in 2 years instead.
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You know, gas prices went way down during Obama's tenure right? In part due to federal investment in energy independence. So...thanks Obama?
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