Originally Posted by
Lewbronski
If the economy goes into a recession and the airline industry dips along with it, that will probably have an impact on our negotiations. However, I've read several analyses in the last several weeks predicting only a minor recession. If the recession is only minor (big if), that doesn't necessarily mean it would have a large effect on the pilot shortage issue and whatever leverage we have as a result of it.
I am sorry but these are the same economist and bankers that a year ago we’re saying we would NOT see a recession. People like the CEO Jamie Dimon of chase who now say we are headed to a hurricane but we don’t know how bad it is! The reality is no one knows and it’s all an economic guess. This recession could make 2008 look like it was nothing. Hopefully for the sake of our industry it’s not bad!