High Oil Price and Airline Hiring
#12
Oil will most likely go much higher as Russia is virtue signaled out of U.S./western markets (hope you all spilled out your vodka that you already paid for, that'll show 'em) who have been going green by simply buying oil and gas from Russia, and other tyrannical countries, instead of producing it at home or in friendly countries. This will cause prices to go up for all Americans. Outside of the elite class, most people are negatively affected by inflation that makes it harder (or impossible) to afford food and transportation.
Neither is driving to customers to green alternatives (including reduced consumption).
#13
Covfefe
Joined APC: Jun 2015
Posts: 3,001
Legacies have a ton of retirements which will provide a bit of cushion if there’s a need to reduce flying and shrink. And boxes are still going to have to move, so I imagine cargo will keep hiring at a decent clip. There’s just not a huge glut of qualified pilots sitting around looking for employment. It’s not doom and gloom quite yet. But, I do wonder if LCC/ULCC attrition to legacies might cool down a bit.
#14
Gets Weekends Off
Joined APC: Nov 2019
Posts: 791
Airlines hiring for expansion will slow to a crawl. Think Alaska, JetBlue, somewhat SouthWest, Allegiant. Airlines hiring for attrition and expansion will slow as well but may continue hiring just for attrition. Think Spirit/Frontier. Airlines hiring for retirement will likely continue hiring at a more measured pace but still big numbers.
Based off of 25 years worth of mixed data. No dog in the hunt. At Alaska, we will continue to exchange 150-160 seaters with 190 plus seaters-define that as growth and fill in the gap with lots of outsourced QX/OO RJ’s…We will get a new contract around the peak of oil prices/ economic meltdown and Alaska will still be the wokest darling in the business
Based off of 25 years worth of mixed data. No dog in the hunt. At Alaska, we will continue to exchange 150-160 seaters with 190 plus seaters-define that as growth and fill in the gap with lots of outsourced QX/OO RJ’s…We will get a new contract around the peak of oil prices/ economic meltdown and Alaska will still be the wokest darling in the business
#16
Covfefe
Joined APC: Jun 2015
Posts: 3,001
Airlines hiring for expansion will slow to a crawl. Think Alaska, JetBlue, somewhat SouthWest, Allegiant. Airlines hiring for attrition and expansion will slow as well but may continue hiring just for attrition. Think Spirit/Frontier. Airlines hiring for retirement will likely continue hiring at a more measured pace but still big numbers.
Based off of 25 years worth of mixed data. No dog in the hunt. At Alaska, we will continue to exchange 150-160 seaters with 190 plus seaters-define that as growth and fill in the gap with lots of outsourced QX/OO RJ’s…We will get a new contract around the peak of oil prices/ economic meltdown and Alaska will still be the wokest darling in the business
Based off of 25 years worth of mixed data. No dog in the hunt. At Alaska, we will continue to exchange 150-160 seaters with 190 plus seaters-define that as growth and fill in the gap with lots of outsourced QX/OO RJ’s…We will get a new contract around the peak of oil prices/ economic meltdown and Alaska will still be the wokest darling in the business
#18
There already is a shortfall, it's just getting worse. They have been saying they can't and/or won't raise production all along. I guess there is supposed to be some sort of deal with the democratic and freedom loving government of Iran to allow their oil. Meanwhile, we cancel leases and pipelines at home.
#19
Yeah, i figured Allegiant had to be one of them, forgot about Sun Country. The cargo operation is definitely going to help Sun Country. Cargo is probably the only thing that's "safe" at this point.