Originally Posted by
CincoDeMayo
What kind of question is this? How “poor” would any airline do at $150/barrel oil? Guess what, they would all do poor.
What has changed since the last oil price crunch is that the USA is now a net exporter of energy over the last 5+ years.
That doesn't change the cost of jetA and of which most of the increase in the past few years is the crack spread due to a consolidation of refiners anyways. It's like 2x-3x the amount pre-Covid.
Suddenly EVs aren't looking like a bad idea. No oil shocks, no shock to the economy and this would mostly be a nothing burger economically speaking. The bigger issue at play is if this is sustained over weeks/months, the public will buy gas instead of tickets. High gas prices are like a tax on the economy. Same net effect.