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.
A recession in the since that the US post lower GDP, or in the since the workforce in America as major layoffs.
Boomers are leaving the workforce everyday and their isn’t enough body’s to backfill them in every industry. It’s possible two things happen, the GDP goes down, and there are little consequences due to boomer retirements across all industry’s.
In the past a lower GDP= layoffs, possible now it just equals retirements, and are the retirements causing the lower GDP.