5.5 Years To Flow?
04-17-2020 | 10:25 AM
#221
Gets Weekends Off
Joined: Apr 2019
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It might be wise for some of you to do some research on the old Eagle and the pilots that were hired in 1999 and 2000. They were told that they would be over at AA in less then 24 months.
Guess what....they were still there in 2011. This is worse then 9/11, plus AA just shrunk their retirement numbers by offering the early outs. Add that to them parking 3 fleets and possible furloughs you can start to add the dots that AA won't be hiring for some time, a long time. Welcome to the the new generation of the loss decade.
Guess what....they were still there in 2011. This is worse then 9/11, plus AA just shrunk their retirement numbers by offering the early outs. Add that to them parking 3 fleets and possible furloughs you can start to add the dots that AA won't be hiring for some time, a long time. Welcome to the the new generation of the loss decade.
04-17-2020 | 10:59 AM
#222
Banned
Joined: Dec 2019
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^^^^This guy gets it. Except I think it will be quite a bit quicker than what you described.
04-17-2020 | 11:04 AM
#223
Line Holder
Joined: Jan 2017
Posts: 638
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For the airline industry it is clearly and objectively WAY worse. Will it be worse for pilot careers than 9/11 followed by the 2008 recession with a retirement age change thrown in? THAT’s still TBD.
04-17-2020 | 12:38 PM
#225
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The US is at historical high 15% unemployment which is on par with the Great Depression. 9/11 followed by the 2008 RECESSION didn’t have those kind of numbers.
04-17-2020 | 01:11 PM
#226
In a land of unicorns
Joined: Apr 2014
Posts: 7,072
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From: Whale FO
Uh... And how can you say that when there is NO indication things have even hit bottom to see a recovery?
The US is at historical high 15% unemployment which is on par with the Great Depression. 9/11 followed by the 2008 RECESSION didn’t have those kind of numbers.
The US is at historical high 15% unemployment which is on par with the Great Depression. 9/11 followed by the 2008 RECESSION didn’t have those kind of numbers.
"The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression".
It's bad, but no-one predicts these numbers to stay that high after they start reopening the economy.
04-17-2020 | 01:20 PM
#227
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Joined: Dec 2019
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The silver lining could be that unlike the Great Depression or 2008, this was not an obvious failure of our system. This has not resulted from a bank run or negligent credit rating agencies. It was an intentional shutdown for public health concerns, the likes of which has never been seen before. We are in uncharted territory and nobody truly knows what is going to happen.
04-17-2020 | 01:51 PM
#228
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The other reality is when it does recover, what it recovers to will be different. I’m not saying there will be a paradigm shift, but there WILL be social changes that undoubtedly affect much of life, including travel, permanently.
04-17-2020 | 02:07 PM
#229
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No one knows at this point. What we can see is that a paradigm shift has at least been introduced that’s opened the door to a host of potential lifestyle changes. I think we’ve been too eager to accept them without considering the consequences. I also think the response to this has missed the mark for preserving the lifestyles we’ve enjoyed. Air travel seems to be one of the most dispensable options when considering the potential casualties of a knee-jerk overreaction.
04-17-2020 | 03:25 PM
#230
Gets Weekends Off
Joined: Apr 2019
Posts: 537
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Uh... And how can you say that when there is NO indication things have even hit bottom to see a recovery?
The US is at historical high 15% unemployment which is on par with the Great Depression. 9/11 followed by the 2008 RECESSION didn’t have those kind of numbers.
The US is at historical high 15% unemployment which is on par with the Great Depression. 9/11 followed by the 2008 RECESSION didn’t have those kind of numbers.
By not being worse than 9/11 I'm talking about career progression.
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