Originally Posted by
Grumble
They’re called black swan events for a reason, every single time it’s something that’s never happened before, or a set of circumstances no one was able to predict.
Black swans will come. So will white.
They can have two effects
1) temporary reduction in demand that rebounds
2) structural change
The last 40 years have been so rough because of structural changes post deregulation. I don’t see structural changes waiting on the level of legacy consolidation, FE removal, baseline load factor shifts etc. but change my mind… i like data