Originally Posted by
WhiskyWhisky
Told ya so #2? Nah, I will still wait 'til summer when oil hits $100+ a barrel and they start parking 50-seaters in the desert just like they did during the Obummer admin.
https://www.msn.com/en-us/money/mark...ar/ar-BB1duweQ
But “it is hard to escape the elephant in the room which is that these higher prices could well act as a brake on consumer demand, prompting demand destruction, and snuffing out any nascent recovery,” said Michael Hewson, chief market analyst at CMC Markets, in a note to clients.
We can't base every policy decision off of the narrow interest of the 50 seat airline business. Furthermore, they've been on the ropes for years anyway, the airlines always want more efficient and customer friendly aircraft, regardless of oil price. American retired the MD80s during Trump's reign of gold and glory because they were more expensive than other aircraft to operate.