Originally Posted by
chrisreedrules
Its not 2023 yet… I hope I’m wrong. I don’t think a recession in 2023 will be calamitous for the airlines. I think things may pause a bit with hiring or potentially accelerate for the airlines with the cash position to hire through the downturn (not AA). I’ve actually been consistently correct on most things I’ve posted on this forum over the years. Covid I was wrong about but who can predict 3 government bailouts? And the trillions pumped into the economy will have consequences. Time will tell.
I’m fairly confident we are already in recession and by the end of 2023 maybe early 2024 the economic recovery will actually begin. We probably won’t notice it in the airlines because peoples habits have changed and I believe air travel is prioritized right now vs consumerism. This is a great stock market buying opportunity for long term investors no matter how you cut it. I also think the outrageous calls for exploding oil are hyperbole. I saw same calls for oil from energy bulls in 2008 and what happened.. If all you listen to are doomsday pushers it will put a black cloud over your head. The reality is we will bounce back.