Originally Posted by
Bluesteal
Im pretty old now.. i remember being around for a few recessions/downturns. Everytime the legacies get hurt the most. When things get bad, people are just not going to be paying $1k-$1,500 for airfare. Many survey's have gone out throughout the years... product was never really the main thing for the consumer during "bad times" it was always lowest airfare. Most people as they lose their jobs and struggle financially will pay $200-$400 for airfare over $1k
This really wasn't true for the last recession, the biggest in aviation history. The large companies didn't do any worse, and in fact recovered faster and better than the ULCCs/LCCs.
The industry has changed, the airlines have changed. The bottom of the industry is clearly the weakest, both in good times and possibly now in the bad times.