LCC model challenges - IATA
04-27-2020, 01:42 PM
#41
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,252
Originally Posted by senecacaptain
Ch. 7 almost never happens at the major/legacy/Big-3 category in airline land.
Ch.11 yes, to include multiple trips to the Ch.11 booth.
Midway and Eastern I believe are the only ones.
Ch.7 is a rare event.
In my opinion the chance of a major/legacy level carrier being liquidated and ceasing to exist is almost zero. This does not mean they will not merge, acquire/be acquired, be smaller, etc.
But ceasing operations and selling the airplanes, assets, and baggage carts at the auction ? Zero chance.
Ch.11 yes, to include multiple trips to the Ch.11 booth.
Midway and Eastern I believe are the only ones.
Ch.7 is a rare event.
In my opinion the chance of a major/legacy level carrier being liquidated and ceasing to exist is almost zero. This does not mean they will not merge, acquire/be acquired, be smaller, etc.
But ceasing operations and selling the airplanes, assets, and baggage carts at the auction ? Zero chance.
Liquidation is unlikely, mergers and bailouts are more likely. Extreme case would probably be nationaliztion, where the fed buys worthless stock for pennies more than shareholders would have got and converts the operation to civil service or some hybrid public-private enterprise.
04-28-2020, 03:12 AM
#42
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,155
Originally Posted by Excargodog
Actually, it may not turn out to be terribly much worse than a bad influenza year, just seriously overhyped.
what is unique is having the politicians shut down the whole friggin world. If they are stupid enough to keep doing that, this could become an every ten year occurrence.
what is unique is having the politicians shut down the whole friggin world. If they are stupid enough to keep doing that, this could become an every ten year occurrence.
Incredibly overhyped and a good chunk of the public and media have fallen for it.
The same worldwide shutdown stunt could have been pulled for H1N1, SARS, Ebola, MERS, and several other pandemics over the last two decades.
And frankly, I'm rather ticked off that the media isn't pushing back on the WHO's asinine non-science statement that coronavirus antibodies may not keep one from catching coronavirus a second time. That is completely non-science. Yes, I know about the 110 or so 'second coronavirus' patients in S Korea, but Occam's Razor would point to false negatives and false positives on their tests. More than a few of the tests out there are pretty inaccurate.
04-28-2020, 04:46 AM
#43
Gets Weekends Off
Joined APC: Mar 2020
Posts: 192
There is definitely a lot of data coming out that proves the early predictions were completely off base. Hopefully people start traveling soon when they realize it’s a virus and not Terminal Cancer...... we’ll see. The media doesn’t want to accept it, so who knows
04-28-2020, 05:01 AM
#44
Gets Weekends Off
Joined APC: Mar 2015
Posts: 514
Originally Posted by Excargodog
Actually, it may not turn out to be terribly much worse than a bad influenza year, just seriously overhyped.
what is unique is having the politicians shut down the whole friggin world. If they are stupid enough to keep doing that, this could become an every ten year occurrence.
what is unique is having the politicians shut down the whole friggin world. If they are stupid enough to keep doing that, this could become an every ten year occurrence.
04-28-2020, 05:30 AM
#45
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
Originally Posted by RustyChain
It doesn't matter what it is, only what it's perceived to be. The perception is changing behavior. Only time will tell on how that perception holds over the next several months.
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