High Oil Price and Airline Hiring
03-03-2022, 10:11 AM
#21
Line Holder
Joined APC: Sep 2021
Posts: 67
Originally Posted by YerOnGuard
That doesn’t mean they are in the black. Quarterly profit means almost nothing. Showing profit is not the same as debt free or in the black. My wife proves that every month with her credit card.
03-03-2022, 11:15 AM
#22
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,417
Originally Posted by YerOnGuard
That doesn’t mean they are in the black. Quarterly profit means almost nothing. Showing profit is not the same as debt free or in the black. My wife proves that every month with her credit card.
running the finances on a major Fortune 500 company is not even comparable to your family credit card.
03-03-2022, 02:05 PM
#23
Gets Weekends Off
Joined APC: May 2010
Position: Baja Vermont
Posts: 5,177
We’re in completely uncharted territory with the Russian sanctions—never has a G20 economy had it removed from the world economy. Russia can’t sell barrels of existing Ural benchmark crude at US$23 off the current price. No one has idea what the knock-on effects of collapsing a 1.5 trillion economy looks like. Wait and see.
03-03-2022, 02:19 PM
#24
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,286
Originally Posted by chihuahua
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.
03-03-2022, 03:27 PM
#25
Gets Weekends Off
Joined APC: May 2021
Posts: 421
Originally Posted by rickair7777
They will only let it go so far, they will not intentionally create a global recession for short-term profit.
03-03-2022, 03:34 PM
#26
Gets Weekends Off
Joined APC: May 2021
Posts: 421
Originally Posted by galaxy flyer
We’re in completely uncharted territory with the Russian sanctions—never has a G20 economy had it removed from the world economy. Russia can’t sell barrels of existing Ural benchmark crude at US$23 off the current price. No one has idea what the knock-on effects of collapsing a 1.5 trillion economy looks like. Wait and see.
03-03-2022, 03:38 PM
#27
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,417
Originally Posted by rickair7777
They will only let it go so far, they will not intentionally create a global recession for short-term profit.
03-03-2022, 04:33 PM
#28
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by chihuahua
Who actually made it out of the red?
03-03-2022, 04:57 PM
#29
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,286
Originally Posted by Gone Flying
didnt it get to $140/bbl in 2007/08 timeframe? I don’t think opec will be upset if prices go higher than they are now, and don’t think they will do much to drive the price down significantly.
They don't want to encourage the migration to green energy any more than they have to. They might cash in for a few weeks or a couple of months.
2008 was different, it was almost a "peak oil" scenario... based on old technology. Subsequently we've developed new tech which has opened up a LOT of previously inaccessible or impractical oil reserves (fracking, etc). The new tech deployment, enabled in 2008, should still offer enough capacity to offset RU.
Course it will be nice if our masters here in the US of A allow production of our own reserves.
03-03-2022, 06:57 PM
#30
Gets Weekends Off
Joined APC: Nov 2020
Position: Enoch Powell Enthusiast
Posts: 2,122
When I was hired I was told in indoc that “rolling thunder” (fabulous premium pay strategy) would be there for all who wanted it and there was no end in sight for the hiring wave in progress.
There were a couple more classes hired, a merger was announced, we we suddenly overstaffed and hiring didn’t resume for years. Also : ”Premium pay? What’s that?”
TLDR; This is the airlines. Nobody knows. Ever. Oil spikes. Pandemic. Terrorism. Bad acquisitions. War.
Don’t worry about it, because you can’t change any of it.
Hope that helped clear things up.
There were a couple more classes hired, a merger was announced, we we suddenly overstaffed and hiring didn’t resume for years. Also : ”Premium pay? What’s that?”
TLDR; This is the airlines. Nobody knows. Ever. Oil spikes. Pandemic. Terrorism. Bad acquisitions. War.
Don’t worry about it, because you can’t change any of it.
Hope that helped clear things up.
Last edited by DeltaboundRedux; 03-03-2022 at 07:08 PM.
