Originally Posted by
Trip7
Yup. You can blame the political leaders of the West for that. They think the solution to every problem is to make the money printer go BRRRRRRRRRR. Eventually the rest of the world that is growing Rapidly won't put up with it anymore. And Putin knows this. To make matters worse, we have Biden draining the SPR and instead of targeting the people who truly need help, paying of all student loans in order to buy Midterm votes. Yikes
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I don’t disagree with you about poor monetary policy in this country (and Europe). But I disagree with your original premise that fuel costs will cause severe headwinds on the financial success of the company.
With PRASM significantly above pre-pandemic levels, we just need capacity to recover similarly (huge management miss). Margins are going to be mid- to high- teens going forward. No reason that the company can’t afford 35% higher pilot costs right now.