Originally Posted by flyguy727

come end of September, massive layoff will begin for all airlines across the board. Already AA, DL, UA have told their employees to get their affairs in order. Many of us that been around seen this before, but never to this large scale. Usually the turn around point is a decade, lets see if that holds true. Economic events is among the leading factor as to why, there is a shortage, that and pay. The majors are going to be furloughing people, and until they don't call everyone back, they won't be hiring new pilots. Delta said they are permanently grouding 300 airplanes. If they don't get enough people to volunteer and retire, which they never do, they will furlough pilots. That's going to be roughly 750 of the most junior guys. AA,UA, jetblue, spirit, SW are in the same boat.
There is a little slither of a light, cargo, and 135. But you best hurry,, because they will be getting full quick.

Originally Posted by rickair7777

Yes hysteria isn't helping.

But reality as I see it: There is no way the big three will avoid furloughs. 15-20% best case, and it could get much uglier if bookings don't start rolling in by late summer. We'll see it coming... bookings will tell the story, pax don't book holiday season travel in Nov.

As somebody said, it's definitely likely that one or more majors airlines will file BK, almost assured some will merge. It's possible but less likely one or more will liquidate... less likely because the fed cannot let the big four fail, so if they save one or more of those, they'd kind of have to at least try to save the others.

Originally Posted by OpMidClimax

I'll agree with all that..

I'll throw in a purchase of a legacy/major by a venture capitalist group buying one of the big three with funding secured from Asia. Especially if share prices continue to erode. Airline and assets at bargain prices, just need deep pockets to float the business till demand builds.

Originally Posted by rickair7777

That would require some creativity and waivers to get around the foriegn-ownership restrictions... the fed may not be in the mood for that, especially if the buyer is China. They wouldn't even cut a break for a Brit...

Originally Posted by OpMidClimax

True.. i worked for a company bought by a Chicago based venture capitalist group.. the money all came from Australia and Singapore, but the VC was a usa based company. Slid right through the fed.. this was not an airline though.

Originally Posted by Slaphappy

And more debt than all others combined. Negative equity.

Originally Posted by Ciceda

but but but but but but but but but but........rEtiReMenTs

Originally Posted by APCsucks

You better have money saved up because furloughs are going to be atleast 60%. This industry is done, it won't be the same. We'll be lucky to see airplanes fly by 2030. Hyperloops are coming. Time to go back to cleaning toilets.

Originally Posted by APCsucks

You better have money saved up because furloughs are going to be atleast 60%. This industry is done, it won't be the same. We'll be lucky to see airplanes fly by 2030. Hyperloops are coming. Time to go back to cleaning toilets.