5/20 Town Hall w/ Ed and Glen, 1300 EDT
05-20-2020, 09:55 AM
#21
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Joined APC: Jan 2011
Position: Resting
Posts: 376
Originally Posted by WickedSmaht
Excellent question. There seems to be an internal and an external message, not sure what to believe. I took the comment that we will function at 20-25% of pre-pandemic levels over the next 2-3 years and then crawl out of our shell. Maybe (he used that word). I may be wrong, usually am but it seemed like a pretty direct message.
-Glenn said he expects our schedule to be at 25% of prior levels by July, 2020. 1500 flights/day out of the normal 5500/day.
-Paul Jacobson yesterday said he thinks loads with be a little less than 75% of prior loads by the end of 2021
-Ed today said he thinks the passenger revenue generated from loads next year will be around 50% of 2019 revenues.
-Ed said the demand environment will not be there to raise yields on fares. Essentially 'fun fares" till 2022.
-Ed said he thinks loads and demand(AKA pricing power) will return in 3 years and we can resume revenue/yield growth from 2019 levels.
Overall, it could be worse. My personal view, is they are being very conservative on purpose and publicly to justify their "stop bleeding cash/short term" strategy. Which may turn out to be the better strategy, only time will tell.
05-20-2020, 09:56 AM
#22
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Joined APC: Mar 2013
Position: 320A
Posts: 625
So I take it that the Boeing announcement was the middle finger to the 777 then? Well bummer. Im a glass half full kind of guy and was hoping we'd hear some form of announcement on 787 or anything positive in that area. Oh well...
05-20-2020, 09:58 AM
#24
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Joined APC: Oct 2012
Position: Sic semper tomato
Posts: 275
Originally Posted by Aviator147
he said 25% smaller than what we were pre Covid...
05-20-2020, 09:59 AM
#25
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Joined APC: Jun 2018
Posts: 123
These are still worst case projections at best. Any improvements over these forecasts will only help. They’re still in the mode of prepping the battlefield for getting as many as possible onto leaves, early retirements, and into concessionary deals. No sense in sounds cheerful when there’s more money to be saved...
05-20-2020, 10:01 AM
#26
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Joined APC: Apr 2011
Posts: 643
They saved the “best” for last. Ed mentioned flight ops and JL saying they already gave us heads up on overstaffing if the fall. He mentioned “spread the work” across more people and working with ALPA. They’re coming for those ALV reductions.
05-20-2020, 10:04 AM
#28
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Joined APC: Feb 2011
Posts: 794
Originally Posted by Aviator147
They saved the “best” for last. Ed mentioned flight ops and JL saying they already gave us heads up on overstaffing if the fall. He mentioned “spread the work” across more people and working with ALPA. They’re coming for those ALV reductions.
05-20-2020, 10:10 AM
#30
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Joined APC: Sep 2015
Position: I got into this business so I wouldn't have to work.
Posts: 1,034
Originally Posted by blue vortex
In Ed’s closing comments he says we’re going to “insource jobs that we’ve previously outsourced.” Guess that means giving up on JVs right Ed?
Ain't no way he's giving up on OPM.
