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Old 11-29-2022 | 07:05 AM
  #171  
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Originally Posted by JamesBond
We've been in a recession since Jan 2021.
by what metric?
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Old 11-29-2022 | 08:09 AM
  #172  
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Originally Posted by OOfff
by what metric?
Negative GDP two quarters in a row. Ie the literal definition of a recession.
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Old 11-29-2022 | 08:20 AM
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Originally Posted by Der Meister
Negative GDP two quarters in a row. Ie the literal definition of a recession.
Q1 of 2021 was positive annualized growth of ~6%.

which doesn’t really mean a recession by the literal definition of a recession
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Old 11-29-2022 | 08:27 AM
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Originally Posted by overqualified52
Yea, I definitely agree that in the long run it’s definitely much better to make it to a Major or Trunk carrier . There is much more money to be made and more options of aircraft to fly with nicer destinations and layovers . However as far as regionals go I don’t think there is any going back at this point . If they ever try to lower the pay back to what it was they will just run into the same problems with mass exodus. These higher pay rates at the regionals are exposing the lies of the past 20 to 30 years that they couldn’t afford to pay higher rates at the regional level . It was always a shell game when they used regionals for peasant labor . They can and will make billions in profits still while paying these higher rates . No one is going to fall for the old gag of going backwards to old regional pay . Like My good buddy Roger Daltrey sang , “we won’t get fooled again”.

The thing is they dont plan on going backwards. The current pay push at the regionals is to float the regionals because without the feed mainline would be crushed. They're throwing money at the regionals to buy time to replace the feed with mainline or to mold the wholly owned into mainline. Time will tell but I'd never plan on making a regional my endgame knowing how the industry is. The only job security in this industry is Seniority
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Old 11-29-2022 | 08:29 AM
  #175  
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Originally Posted by Der Meister
Negative GDP two quarters in a row. Ie the literal definition of a recession.
Dont bother with this one, its abundantly clear their head is buried deep.....
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Old 11-29-2022 | 08:29 AM
  #176  
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Originally Posted by OOfff
Q1 of 2021 was positive annualized growth of ~6%.

which doesn’t really mean a recession by the literal definition of a recession
Q2 and Q3 say otherwise so you can say since the beginning of Q2 (or the end of Q1) if you really want to get technical with it.
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Old 11-29-2022 | 08:42 AM
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Originally Posted by Der Meister
Q2 and Q3 say otherwise so you can say since the beginning of Q2 (or the end of Q1) if you really want to get technical with it.
you might want to double check the post I responded to. You’re thinking the wrong year. JB said 2021.

Further, you’re even wrong about the year you *are* responding about, since 3q22 was positive.
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Old 11-29-2022 | 08:43 AM
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Originally Posted by Superpilot92
Dont bother with this one, its abundantly clear their head is buried deep.....
my head is buried so deeply that I found the 2021 GDP data.
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Old 11-29-2022 | 09:17 AM
  #179  
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Originally Posted by OOfff
you might want to double check the post I responded to. You’re thinking the wrong year. JB said 2021.

Further, you’re even wrong about the year you *are* responding about, since 3q22 was positive.
I really don't care. What I do know is beginning of 2022 we were in a recession not a very big one/deep one but in one nonetheless.
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Old 11-29-2022 | 09:23 AM
  #180  
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Originally Posted by Der Meister
I really don't care. What I do know is beginning of 2022 we were in a recession not a very big one/deep one but in one nonetheless.
translation: you were right, I was wrong
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