Originally Posted by
Shaman
ASL also flies for Amazon, DHL, and UPS. Their fleet is not now nor will it be 100%dedicated to FDX uplift.
These @#$ have bought back stock, increased their dividend, and made record profits the last two years. Now all of a sudden the house is on fire?!! GTFOH
The economy is nowhere near as bad as people are forecasting. This summer has a better than outside chance of being a blockbuster for consumer spending and travel. There's a ton of pent up demand. People spent two years in the house.
I'm not here to be inflammatory or divisive in a time where we need unity and I agree with a lot of what you posted, but I had to reply. Have you ever worked for a regional airline? I understand your post about ASL not being 100% FDX, but this has the same exact playbook as the regional airlines written all over it. Does ASL need to be 100% FDX to absorb a nice chunk of the 75 European flying? I think the 100% bit you give is a bit of a strawman. It doesn't need to be 100%, in my opinion, to be a threat to our jobs here. I couldn't agree with you more about exec's. I don't know if I agree with you on the economic side of things, though. I'd like to read some articles perhaps about positive economic sentiments and perhaps I'll do some more digging around, but, from what I read, the Fed is predicting a mild recession by end of 2023 (from a meeting on 4/12/23). It seems like I'm constantly reading about tech layoffs and other economically pessimistic news. I'm not an economist, obviously, but I don't know that I would agree that we're on the precipice of an explosion of spending and travelling. I hope you're right, though.