TSA Numbers
#662
Just food for thought... We're obviously a long way away from being normal, but we don't really need to use 2019 numbers as the ultimate target of recovery. 2019 was a record year in commercial aviation in terms of both passenger numbers and airline profits. From a pilot standpoint hiring was off the charts. We don't need our respective companies blowing their roofs off with the cash influx and pilot recruiters handing out flyers at local grass strips like a scene from Independence Day, recruiting everyone from a private pilot to Cousin Eddie's drunk, crop dusting identical twin brother. We just need to get to the point that passenger loads are good, airlines are reporting a modest profit and hiring starts to trickle again. That's when I will personally begin to breath a sigh of relief. It would be interesting to compare our current TSA throughput to, say, 2014 or 2015 numbers. If these "experts" are correct and it is 2024 before we see a full 2019 like recovery, as pilots we will likely see and feel a sense of normalcy well before that.
#663
Just food for thought... We're obviously a long way away from being normal, but we don't really need to use 2019 numbers as the ultimate target of recovery. 2019 was a record year in commercial aviation in terms of both passenger numbers and airline profits. From a pilot standpoint hiring was off the charts. We don't need our respective companies blowing their roofs off with the cash influx and pilot recruiters handing out flyers at local grass strips like a scene from Independence Day, recruiting everyone from a private pilot to Cousin Eddie's drunk, crop dusting identical twin brother. We just need to get to the point that passenger loads are good, airlines are reporting a modest profit and hiring starts to trickle again. That's when I will personally begin to breath a sigh of relief. It would be interesting to compare our current TSA throughput to, say, 2014 or 2015 numbers. If these "experts" are correct and it is 2024 before we see a full 2019 like recovery, as pilots we will likely see and feel a sense of normalcy well before that.
International isn't going to come back as quickly, so maybe 2015 numbers but with the inevitably higher domestic/interntional ratio would see everyone employed, but maybe with some folks flying guppies instead of WB's.
#664
On Leave
Joined APC: Apr 2016
Position: CA
Posts: 64
I understand the interest in watching TSA numbers, but they are meaningless. The TSA counts appear to be in the 30-40% recovery territory, but this has no correlation with revenue recovery. Just look at the pax in the terminals these days. These aren't business travelers and international tourists, this recovery is made up of low-budget and low-yielding leisure passengers. The deals you can get on a legacy ticket in domestic first class are insane. I'd wager we're only at 20% revenue recovery, which is the number we need to be more concerned about long-term. There is little to be deduced from conclusions based on TSA data.
#665
I understand the interest in watching TSA numbers, but they are meaningless. The TSA counts appear to be in the 30-40% recovery territory, but this has no correlation with revenue recovery. Just look at the pax in the terminals these days. These aren't business travelers and international tourists, this recovery is made up of low-budget and low-yielding leisure passengers. The deals you can get on a legacy ticket in domestic first class are insane. I'd wager we're only at 20% revenue recovery, which is the number we need to be more concerned about long-term. There is little to be deduced from conclusions based on TSA data.
Pax => Capacity => Pilot Jobs
Revenue => Profit
Short/mid-term, airlines will likely ramp up capacity to keep market share even if they break even or at a modest loss. They will not happily attempt to shoot for profitability at 30% of 2019 capacity while SWA eats their market-share lunch.
#666
Gets Weekends Off
Joined APC: Nov 2016
Posts: 303
Well, actually it's not meaningless to us...
Pax => Capacity => Pilot Jobs
Revenue => Profit
Short/mid-term, airlines will likely ramp up capacity to keep market share even if they break even or at a modest loss. They will not happily attempt to shoot for profitability at 30% of 2019 capacity while SWA eats their market-share lunch.
Pax => Capacity => Pilot Jobs
Revenue => Profit
Short/mid-term, airlines will likely ramp up capacity to keep market share even if they break even or at a modest loss. They will not happily attempt to shoot for profitability at 30% of 2019 capacity while SWA eats their market-share lunch.
But if you can get 80% of the fleet flying with 80% LF, you can start to increase prices.
Capacity first, revenue will have to come second.
#667
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
TSA numbers:
You can't have profit without butts in seats. There is zero profit in an empty seat.
TSA numbers gives us butts. Indeed, that is about it tho. We do not have insight into yields, profits, etc. stuff.
Saying "full flight to Vegas today packed, there is hope!" means nothing if they were all $19 priceline tickets. It also means nothing (or very little) if that flight is one of two that day versus one of ten back in January.
You can't have profit without butts in seats. There is zero profit in an empty seat.
TSA numbers gives us butts. Indeed, that is about it tho. We do not have insight into yields, profits, etc. stuff.
Saying "full flight to Vegas today packed, there is hope!" means nothing if they were all $19 priceline tickets. It also means nothing (or very little) if that flight is one of two that day versus one of ten back in January.
Last edited by senecacaptain; 09-21-2020 at 12:29 PM.
#668
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
Just food for thought... We're obviously a long way away from being normal, but we don't really need to use 2019 numbers as the ultimate target of recovery. 2019 was a record year in commercial aviation in terms of both passenger numbers and airline profits. From a pilot standpoint hiring was off the charts. We don't need our respective companies blowing their roofs off with the cash influx and pilot recruiters handing out flyers at local grass strips like a scene from Independence Day, recruiting everyone from a private pilot to Cousin Eddie's drunk, crop dusting identical twin brother. We just need to get to the point that passenger loads are good, airlines are reporting a modest profit and hiring starts to trickle again. That's when I will personally begin to breath a sigh of relief. It would be interesting to compare our current TSA throughput to, say, 2014 or 2015 numbers. If these "experts" are correct and it is 2024 before we see a full 2019 like recovery, as pilots we will likely see and feel a sense of normalcy well before that.
If you check my post above, you can use 2003 if you wish. May see 70% of 2003 by the end of the year. Not sure if that is the kind of measurement you want to use though.
2019 is the most recent "reference point"
#669
good points but we know that 2019 witnessed pilot hiring, fleet expansion, and profits by the airlines. 2019 is also a "baseline" and if you do not wish to use 2019, then use another year.
If you check my post above, you can use 2003 if you wish. May see 70% of 2003 by the end of the year. Not sure if that is the kind of measurement you want to use though.
2019 is the most recent "reference point"
If you check my post above, you can use 2003 if you wish. May see 70% of 2003 by the end of the year. Not sure if that is the kind of measurement you want to use though.
2019 is the most recent "reference point"
#670
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
my graphic in post 656 is at this link: https://www.bts.gov/sites/bts.dot.go...1%20Crop_0.png
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