Oil hit $130 per barrel.
 

I was wondering what it means to jetBlue to have Oil at $130 per barrel.

Will hiring stop ? Airplane orders deferred ?

furlough?

Go!

Guaranteed furloughs we’re supposed to happen during the scamdemic when flying went to basically nothing….how many did we furlough?

People will still travel, if anything when they see what it costs to drive, people might actually perceive better value in an airline ticket.

Who knows. What’s the adage….hire until you furlough? With that said you can’t be scared to make a move in this industry based on what you perceive may or may not happen if you believe it’s the right move. The inherent risks this job entails we all signed up for. Good luck.

My crystal ball doesn't even know.

I sure hope the NEA AIP still has furlough protection in it.

The Eight Ball says "Reply hazy, try again" second shake "cannot predict now" Anybody saying one way or another is really just taking a WAG...

Kampai...

I hope this is a joke...

For those freaking out about oil prices, oil STILL hasn't reached it's all time high of $145 per barrel, from 14 YEARS ago. Inflation adjusted, we aren't even close to the previous record, NOT EVEN CLOSE.

There is so much demand for travel that much or most of the cost could probably be passed on to the consumer and still have high load factors. This past holiday week in the northeast had basically 100% load factors everywhere, which means airlines already aren't charging enough for tickets.

Using a historical inflation calculator, oils previous record of $145 in 2008 translates to a price of $189 today just to match it's previous record high.

Stop wetting the bed.

https://www.usinflationcalculator.com/

My guess is if it looks like it will be prolonged we'll start seeing routes cut back. The added benefit of alleviating the staffing issues going on. Look, remember back in 2020? All of a sudden United canceled a new hire class just a few days before it was set to start. Everyone said "WTF??" Then one by one airlines started announcing reductions in schedules. This stuff doesn't happen overnight but I think we'll start seeing indications shortly that we're going into a contraction phase. We're losing money coming out of the pandemic and were supposed to return to profitability this year...I don't see it happening, not with oil where it's at.

During the later stages of the last high oil price period airlines got pretty good at passing most of the oil price through to customers via ticket prices and oil surcharges. It all depends on what happens to travel demand. If demand remains high, there will be less or minimal impact. Some airlines will certainly cut routes, and the more aggressive airlines and the airlines that are managed well enough to be attractive to customers might take the opportunity to grab the remaining available market share.