Originally Posted by
dualratedchoppa
Reviving this thread speculating a possible recession in the near future. With the big 3 locking in their contracts for the next 4 years the pilot group is insured barring a furlough. American is buckling down and paying off their debts. United is expanding rapidly and Delta is the usual with their balanced approach.
What will happen to our JCBA if recession hits? B6 will feel the hurt if there is a drop in demand and cash flow during the integration. B6 has already spent a significant portion of their assets and taken in liabilities in acquiring NK.
Future proofing is next to impossible since no one has a crystal ball, however one can weigh the risk of staying with NK/B6 and staying for the merger or jumping ship to a big 3 who have locked in their contracts. Thanks for your input.
1) Why is there a recession coming? Hasn't that been the chicken little call the last few years?
2) If you think the "Big 3 locking in their contracts" means anything in a recession, you haven't been paying attention or were around in the years 2000-2012.
Sorry but history has shown over and over that whoever is on top today, is the first to be sent to the bottom tomorrow, there is no "future proofing". Welcome to the airlines, it isnt all what some have seen the last 5 years, there is an ugly side to it. Not trying to be nasty to you, but there are way too many pilots who think the last 5 years is the "norm" and are not ready to see what the airlines really are outside of this swan even we have seen the last 5 years.