Originally Posted by
rickair7777
We are nowhere near furloughs. Global pandemic and ground war in Europe involving the red army have not caused an economic collapse.
The presumed looming recession is not likely to be that bad. I wouldn't lose sleep over this just yet.
I guess I'd be the contrarian....the feds have been spending like a drunken sailor on a 401k loan. This inflation is a truly regressive tax that over time will kill the demand in many industries. We are doing everything to make sure oil stays high for quite some time, that's a huge tax that will effect all industries.
There was a pent up demand from the pandemic that we are working through, but unfortunately I sense that much like a party that has gone on a little too long, the hangover will strike and make many have a severe headache.
I truly hope you are right though, but I've been doing this long enough to see how demand/revenues can shrivel in a heartbeat and the airlines are left in a quandary with too much lift and too many employees in the span on one quarter.