Rumors
03-10-2020, 06:54 AM
#51
Gets Weekends Off
Joined APC: Jul 2015
Posts: 136
Originally Posted by THKooj
Meanwhile, the flow from Envoy continues its record setting pace. That alone should tell you that AA's plan is working. Also, AA stock surging this morning. Up almost 5%.
That 5% is nothing compared to the 50% lost in the last 30 days. Now that oil is back up 8%, DAL just slipped into the negative again, the rest won’t be far behind. DOW has given up 500 points as of now since the opening bounce.
03-10-2020, 06:57 AM
#52
Banned
Joined APC: Dec 2019
Posts: 270
Originally Posted by rcflying53
Not for much longer. That flow will come to a grinding halt shortly as we slow or even stop hiring. 7.5% Domestic cut in 1 month is big. March and April are our spring break months of high travel. Not only us here, but those at regionals should be prepared for some pain.
That 5% is nothing compared to the 50% lost in the last 30 days. Now that oil is back up 8%, DAL just slipped into the negative again, the rest won’t be far behind. DOW has given up 500 points as of now since the opening bounce.
That 5% is nothing compared to the 50% lost in the last 30 days. Now that oil is back up 8%, DAL just slipped into the negative again, the rest won’t be far behind. DOW has given up 500 points as of now since the opening bounce.
03-10-2020, 07:03 AM
#54
Gets Weekends Off
Joined APC: Sep 2008
Position: B767
Posts: 1,901
Originally Posted by daOldMan
This whole thing will be over in under 2 weeks. We will all be back to normal and will have forgotten that this virus was even a thing.
As a guy with only around two years at a US major airline, I'm pretty nervous. I hope things do return to normal in a couple of months, but I fear this may have been a trigger for a financial market that was due for a big correction anyway. Much like 9/11. Again, I hope I'm wrong... But look outside the US for a reality check for how aviation is being affected.
03-10-2020, 07:08 AM
#56
Gets Weekends Off
Joined APC: Sep 2006
Position: MD11 FO
Posts: 1,109
Originally Posted by wrxpilot
I recommend looking at what's going on in Asia, as they (China, HKG, Japan, South Korea, SIN, etc.) had about a month head start on this thing. Now that COVID has mostly gone through there, have things returned to normal? As a HKG resident, it absolutely has not. HKG and the other Asian hubs are now a widebody parking lot.
As a guy with only around two years at a US major airline, I'm pretty nervous. I hope things do return to normal in a couple of months, but I fear this may have been a trigger for a financial market that was due for a big correction anyway. Much like 9/11. Again, I hope I'm wrong... But look outside the US for a reality check for how aviation is being affected.
As a guy with only around two years at a US major airline, I'm pretty nervous. I hope things do return to normal in a couple of months, but I fear this may have been a trigger for a financial market that was due for a big correction anyway. Much like 9/11. Again, I hope I'm wrong... But look outside the US for a reality check for how aviation is being affected.
it took China about 5 weeks to get a hold of their issues once it was well known. We are in about week 2 here and don’t have the powers of the Chinese government. Not even near the peak. It’s going to get worse.
03-10-2020, 07:14 AM
#57
Gets Weekends Off
Joined APC: Sep 2008
Position: B767
Posts: 1,901
Originally Posted by Tuck
spot on - the idiots posting here about how this will all just blow over in a week have no idea - clearly domestic flyers for life. We are a global economy and this remains to be incredibly impactful. There will be pilot furloughs by the summer - every single indicator points to it and the news continues to get worse.
it took China about 5 weeks to get a hold of their issues once it was well known. We are in about week 2 here and don’t have the powers of the Chinese government. Not even near the peak. It’s going to get worse.
it took China about 5 weeks to get a hold of their issues once it was well known. We are in about week 2 here and don’t have the powers of the Chinese government. Not even near the peak. It’s going to get worse.
I consider myself a pretty optimistic guy, I have and will not adjust my 401k contributions in response to the current markets, and my post history reflects my optimism.
But I'm also a realist, and it's pretty silly to bury our heads in the sand right now.
03-10-2020, 07:22 AM
#58
Gets Weekends Off
Joined APC: Jun 2019
Posts: 303
Originally Posted by LabDad06
�
A 5 year look, far from "devastated" as you call it. Temporary setback or adjustment. This too, shall pass .
A 5 year look, far from "devastated" as you call it. Temporary setback or adjustment. This too, shall pass .
I am hoping for the best.
The one good thing for AA pilots are the attrition numbers, and the fact the MD80 fleet was already gone. Had it been present, it would have been parked.
Last time the F-100 was the easy choice to shelve. Now the 330 looks like an easy one to dump if need be.
If things drag on, AA is in the worst position of debt and free cash to weather the storm. Don't be surprised, or overconfident.
03-10-2020, 07:37 AM
#59
Gets Weekends Off
Joined APC: Dec 2013
Position: men without hats
Posts: 369
In the early days after 9/11 many of us thought things would be back to “normal” in 6 months or so, people would start flying again and everything would be like it was before, it turned out to be more like 6 years.
03-10-2020, 07:40 AM
#60
Senior by choice
Joined APC: Mar 2008
Posts: 425
Originally Posted by texaspilot76
Do a google search, pick your source. Many articles explaining how flu deaths far eclipse Covid-19.
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