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iahflyr 06-01-2019 07:37 PM

Trade War Hurts Airlines
 
The IATA expects airline profits to come in at $28 billion in 2019, a drop from the previously forecast 2019 profits of $35.5 billion dollars.

"It has significantly impacted our outlook, and it's clear that this stop in the evolution in international trade comes directly from trade wars and protectionist measures,"

https://www.cnbc.com/2019/06/02/airline-industry-cuts-profit-outlook-cargo-business-hurt-by-trade-war.html

BobZ 06-01-2019 07:41 PM

All wars are expensive. But somerimes survival requires it.

Thankfully this war only involves costing green....and not red.

rickair7777 06-01-2019 07:59 PM

Yeah, taking the long view it's probably a good thing for the country. At some point we had to stand up.

Rama 06-01-2019 10:04 PM

China has been a bad actor for quite some time.
Just like a bully, someone has to call them on it it or it will continue forever. Not a painless solution, but it has to be done sooner or later.

badflaps 06-01-2019 10:08 PM

You hear that unofficials are talking to Iran on their own, tell me it doesn't have something to do with the palleted billions.

Mesabah 06-02-2019 04:21 AM


Originally Posted by badflaps (Post 2830156)
You hear that unofficials are talking to Iran on their own, tell me it doesn't have something to do with the palleted billions.

Well, inflation is our #1 export.

05Duramax 06-02-2019 08:35 AM

Yeah, we’ve never called out China or imposed tariffs on them before.....

Captain Nemo 06-02-2019 03:25 PM


Originally Posted by iahflyr (Post 2830118)
The IATA expects airline profits to come in at $28 billion in 2019, a drop from the previously forecast 2019 profits of $35.5 billion dollars.



"It has significantly impacted our outlook, and it's clear that this stop in the evolution in international trade comes directly from trade wars and protectionist measures,"



https://www.cnbc.com/2019/06/02/airl...trade-war.html



Trade wars may hurt airlines but getting screwed for decades by unfair trade deals have been destroying our economy, industries and country. We need to unf@ck ourselves from China as much as possible or altogether as they are the real enemy.


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ESQ702 06-02-2019 04:10 PM

Here’s some relevant reading on the subject:

https://finance.yahoo.com/news/china-launches-investigation-fedex-xinhua-110317908.html

BobZ 06-02-2019 04:11 PM

Perot wz right abt the destruction of US jobs. Mostly high paying and many union.


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