I think the entire industry sucks right now, but I do agree with the above poster about business travel. I think this was a huge eye opener for many companies in that they are wasting lots of money flying people around when in fact, they could have just done face to face zoom meetings. I think this will also force businesses to work more of their people from home, but this is a topic for a different board.

I am in the less optimistic group simply because I think another, potential more serious second wave is coming and I dont think a vaccine will be out in time. Consider that most vaccines are not 100%, it will take some time to get people back in the saddle.

At the end of the day, being stuck at a regional, regardless of who owns you, sucks right now and you have just watched your entire career get delayed years, possibly more. With Delta just announcing their 777 fleet going away and having too many pilots, there is that many more that are in front of us in line.

Personally really hoping some of my non-aviation job options pan out because even the job offer I have at a major isn't happening anytime soon, given the state of the industry.

 

I know, you have to be pretty messed up to not get hired at any Regional pre COVID. That is why it is so funny about our boy sanicom.

 

 

Sort of true. At some point the fed will have to save some airlines. If things are bad enough, it might be politically expedient (necessary more likely) to let a few fail so everybody understands why they have to save the rest.

 

If the feds let UA or DL die from Covid in the short term, then it'll be even more exciting once AA dies of natural causes five years from now...
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Parker's plan for a successful airline:
- Leverage everything
- Hope UA and/or DL don't get bailed out if they run out of cash
- Hope AA gets bailed out when AA runs out of cash
- Restart stock buybacks with negative free cash flow
- ???
- Successful airline

 

I see the plan as:

-leverage everything
-hope UAL and DAL scale way back in order to preserve cash
-maintain the ability to spring on demand and take market share from two listed above when demand returns (betting on faster recovery)
-successful airline

The downside being, the recovery is extremely slow and we hemorrhage a bunch of cash, enter chapter 11 and restructure our debt.

 

This is what it looks like to me.

 

I disagree. Zoom is not secure. All it’s going to take is for some Hugh ranking executive to say something untoward in a meeting, that ends up on YouTube, and the zoom days will be over for most businesses.

 

yes yes ‘our’ boy

 

Any high ranking executive isnt the clientele that the airline business travel is made of, typically. Most business travel at the airlines is middle management type people, sales etc. Most of that can easily be done online.