and yet except for NJ and NY, who inoculated their nursing homes to produce a wave of casualties, nobody was all that resource constrained. Seattle set up an Army field hospital in Centurylink stadium and sent it back to storage nine days later without ever having seen a patient. Navy Hospial ships were sent to support NYC and LA and were scarcely used.





And states that didn’t lock down fared no worse statistically than those that did.

You can change the goal posts all you want, but you cannot show that locking down uninflected people has EVER been an effective public health tactic.

And almost one-quarter the total US deaths are directly attributable to three states screwing up by mandating that nursing homes full of susceptible people take in patient that were known to be contagious New York among those. About 45% of the cases in NY CAME FROM from nursing homes as a direct result of their BS directive.



Which they have now changed and will be paying billions for in a class action lawsuit in the near future.

 

and this was the result of that policy:




look, I don’t blame you for being ignorant. Nobody knows everything. But I do think you are gullible, and too quick to opine when you don’t have the facts.

But if you think you can explain the rationale for quarantining the most contagious with the most vulnerable, which these states did, go for it. It ought to be interesting at least.

 

So are they gonna offer the leave again or should we expect furloughs very soon

 

Big news Friday

 

I haven’t heard anything regarding that but who knows, could be right. AA just had its stock downgraded even further into junk stock territory, things may be bleak at the top and we just haven’t heard yet.

Or, it could be nothing and things continue chugging along slowly, although we need to watch its ratings. One more downgrade and the company is in a status that it most certainly can’t repay its debts, hence chapter 11.

It’s going to be long few months.

 

What are you talking about. AAG stock has been slowly climbing over the last month. Granted it dropped in value drastically but it seems to have been recovering slowly since mid May when it was at its lowest point.

 

Why are these the only options? How about: Some will get called back from their leave, no new leaves offered, and no furloughs.

Block hours almost 2x for July over June.

 

Yeah it is a strange event, but all airline stocks are up at the moment. The "rating" dropped to the junk status, well a lower junk status then it was. Just because the stock price is up doesn't mean that it is a good investment, long term from a credit side of things. I am not a financial wizard, but I am sure there is some metric that can explain why the rating continues to suffer while the stock goes up. I have also misspoke a tad, in that rating should be "credit".

My assumption is that they don't feel very confident that AAG will be able to make enough money to pay their debts, hence the credit rating part of it. As I mentioned earlier, if it drops again, it will officially be in the "can't pay its debt" category.

Here is the article to read for yourself if you would like.
Market Watch

 

Not everyone shares such a bright outlook for the industry. While its great our block hours are up, they are only that way because of crutches put in place through AAG flying and picking up our competitions flying. Its not as if air travel has rebounded.

My concern has always been the business traveler. I am still fairly confident we are going to see a large hit, at least for the near future, to business travel. I have two great friends that used to travel almost weekly and when they didn't travel, went into a office for work. One is in financial planning and another in sales. Both have stated that their companies are going to let them work from home indefinitely and to minimize business travel to the greatest extent possible. Sure this is a small piece of the pie in terms of exposure, but it does give credit to the idea that business is seeing huge cost savings from teleconferencing. If I owned a business, I would be looking to save as much as possible.

Second, in terms of leave, I care because it offers me a device to plan ahead. If I knew there was a leave offered that I could take, it would allow for more plan b, plan c and plan d circumstances. I have said many times that I would gladly take a leave if it meant someone not getting furloughed or stuck on reserve while not flying.

Lastly, this bump in blocks hours is temporary in my opinion, adding to my first point. I have a feeling come August when AAG has to announce furlough decisions, they are going to take back what flying we may be doing extra for them. Certainly not going to furlough their pilots while we are doing excess flying, APA wouldn't stand for it.

Anyway, that turned out longer than planned and is really just rambling to keep an open discussion going. Even when we all strongly disagree here I find I always learn something or at least see something from a new perspective. Safe travels.

 

Big news Friday is meme.