Originally Posted by
flysnoopy76
A pilot wouldn’t be any better off at the bottom of a 3000 pilot list. At least the majors have retirements, I agree with you though, retirements won’t be enough to save everyone, but for those at the bottom here, there is nothing that’s going to prevent or even lower potential furlough numbers.
Never thought I'd say it, but with Covid and now potential towards WWIII, "at least we only fly within North America."
That should actually be helpful.
Originally Posted by
LonesomeSky
There are reasons to be more optimistic. The price of oil is already down off its highs. There are several reasons to believe oil might not spike any higher. First off, OPEC countries always cheat and export more than their stated quotas when prices are high. They can't resist. Second, Russian oil will find its way onto the world market, via China or some other route, that's just the way these things work. And third, the United States has excess capacity. US fracking operators took a huge hit during COVID and hundreds of wells were shut down. US fracking is a price stabilizing force but it lags because it takes a long time to spool up operations.
My concerns aren't just oil and inflation, it's also the situation with Ukraine and Russia (Putin's) ambitions.
Originally Posted by
flyprdu
For those who need a translation of that press release:
"We are having terrible staffing issues and 737 Max delivery issues, so we'll be using this fuel price increase (even though we are hedged substantially against it) as our excuse to 'reduce' capacity while we put out our fires."
Meh. That works if we're the only airline cutting capacity. We're not, others are too. That sounds like the herd mentality of woe-is-us but look at the bigger picture.