Corp v legacy?
04-23-2018, 09:48 AM
#31
Speed, Power, Accuracy
Joined APC: Sep 2007
Position: PIC
Posts: 1,702
Originally Posted by BoilerUP
How many flight departments do you know shut down during the Great Recession? How many departments continued operations, but downsized number/type of aircraft or headcount?
Very glad your company weathered the storm so well, but from where I sat at the time (a small 91 operation) bizav was hit WAY harder in 08-09 than airlines were.
I would submit that structural changes to airlines post-9/11 (ie. consolidation via M&A activity) have made them financially more stable than their historical mean, whereas public corporations have become much more sensitive in a 24/7 news and social media society to public and shareholder perception of 'corporate excess'.
Very glad your company weathered the storm so well, but from where I sat at the time (a small 91 operation) bizav was hit WAY harder in 08-09 than airlines were.
I would submit that structural changes to airlines post-9/11 (ie. consolidation via M&A activity) have made them financially more stable than their historical mean, whereas public corporations have become much more sensitive in a 24/7 news and social media society to public and shareholder perception of 'corporate excess'.
04-23-2018, 09:51 AM
#32
Speed, Power, Accuracy
Joined APC: Sep 2007
Position: PIC
Posts: 1,702
Originally Posted by sherpster
Thanks man, thats a great information and I appreciate you taking the time to write it up. I wish I could repay your time somehow via a beer or soda.
And thank YOU for serving.
04-23-2018, 12:52 PM
#33
Gets Weekends Off
Joined APC: Dec 2007
Position: Window seat
Posts: 5,211
I wouldn’t compare airlines immediately after 9/11, or pre 9/11, with today’s market. Can Black Swan events happen? Absolutely. Who will fair better, a corporate vs an airline guy? Using post 9/11 furloughs annairline guy at the Big 3 has about 2.5-4 yrs of retirements before furloughs = retirement numbers. And their upgrade to Captain will occur roughly 4 yrs later. The retirement numbers create interesting projections.
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