TSA Numbers
#1561
I’d agree. Being comfortable with traveling is very important, but so is having somewhere to go. I think that Kirby was right. We won’t get any better than 50% demand until there is a widely distributed vaccine, the fear is gone, and the restrictions are lifted. We are getting traffic volume in the 40% range with dirt cheap tickets. Demand may be down 60%, but revenue is down even more. One article that I read said that Thanksgiving ticket prices this year averaged 40% less than last year. When things do recover, the airlines will have to pay back billions of dollars with interest. We better get comfortable in the contracts that we have now. It’s going to be a while until we are in a position to significantly sweeten the pot.
Also our jobs are more directly tied to capacity than revenue. I believe that airlines will restore as much capacity as they can afford to during the recovery in the interest of preserving market share and slots. Initially as long as they can sort of break even, I think capacity will come back. The US industry telegraphed that when they furloughed almost no one (compared to historical standards and what we all expected). They don't want to be locked into years of shrinkage by pilot training limitations. I also think shareholders will give them a pass for a while... they're lucky their shares are worth anything at all right now.
Eventually we'll see where things settle out after 2021.
#1564
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,472
Tons of sold out flights. Hardly any revenue from those pax.
We just flew a full flight - yay - until you looked and saw 90% were Group 8 or 9, no-one on the upgrade list with 10 op ups.
I think AA lost money on that flight.
We just flew a full flight - yay - until you looked and saw 90% were Group 8 or 9, no-one on the upgrade list with 10 op ups.
I think AA lost money on that flight.
#1567
That’s impressive growth considering ongoing lockdowns and the fact that we are likely only two weeks from the start of vaccine distribution. COVID fatigue has set in for an awful lot of people and the economic damage is not quite as awful as was feared. Of course the latter might be tested when airlines start trying to raise prices to actually cover costs.
And whether we have indeed peaked or whether we actually see the predicted (by some) post Thanksgiving surge.
And whether we have indeed peaked or whether we actually see the predicted (by some) post Thanksgiving surge.
#1568
Gets Weekends Off
Joined APC: Jul 2017
Posts: 1,030
Maybe you’ll be right this time Cargo. The current numbers are a reflection of the time period between September and October. The most troubling is the rise in hospitalization and deaths in most states. Whatever happens though most states have implemented stricter guidelines and it should help.
#1569
Gets Weekends Off
Joined APC: Oct 2019
Posts: 1,281
Maybe you’ll be right this time Cargo. The current numbers are a reflection of the time period between September and October. The most troubling is the rise in hospitalization and deaths in most states. Whatever happens though most states have implemented stricter guidelines and it should help.
#1570
Gets Weekends Off
Joined APC: Oct 2019
Posts: 241
I think if we were restricteder-erer we would be even more betterer. Right Scooby-doo?
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