Does AA liquidate one WO
#241
That's for the US federal government. Corporations (and other governments) use varied terminology with varied meanings.
#242
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Two issues are important: does travel return to “normal” and how fast does it do so
zoom need not replace business travel to cause chaos. If it ultimately takes 10% of (high margin) business travel and pushes the recovery out 12 months, that could tip a major into bankruptcy
zoom need not replace business travel to cause chaos. If it ultimately takes 10% of (high margin) business travel and pushes the recovery out 12 months, that could tip a major into bankruptcy
#243
Two issues are important: does travel return to “normal” and how fast does it do so
zoom need not replace business travel to cause chaos. If it ultimately takes 10% of (high margin) business travel and pushes the recovery out 12 months, that could tip a major into bankruptcy
zoom need not replace business travel to cause chaos. If it ultimately takes 10% of (high margin) business travel and pushes the recovery out 12 months, that could tip a major into bankruptcy
I don't know it 10% reduction equals bankruptcy. It definitely means they will stop hiring and "right size". Whether not bringing in new hires in combination with retirements is enough to get to that proper size depends on which company we are talking about.
#244
Probably not, but it does make a fairly significant difference in overall competitiveness of companies based on different business models. A permanent reduction of 10% would be very significant to the companies like AA, UAL, and DAL, (And to a lesser extent AS) which compete for that relatively small but extremely lucrative segment of the flying public. Others, like SWA, NK, F9, and the soon-to-be flying Breeze would be little affected by it. In fact, numerous aviation economists expect the latter group to do better (relatively speaking) in at least the immediate post COVID period in garnering an increased market share of the domestic flying anyway. Losing 10% of their highest profit passengers woukd likely aggravate that even further.
#245
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1) at some point, it’s that one more thing that gets you. Right now, as the kids say, it’s “all the things”. Not saying zoom will do it alone; I’m saying zoom hurts and it’s not minor
2) as noted above, losing 10% of your most profitable customers is non-trivial
3) even if zoom ultimately reduces travel by 0% it could still cause bankruptcies if companies take two years to try and reject it meanwhile Starving airlines of their most profitable customers for that many more months.
the biggest unanswered question is how fast things come back. Every month longer is more structural change
2) as noted above, losing 10% of your most profitable customers is non-trivial
3) even if zoom ultimately reduces travel by 0% it could still cause bankruptcies if companies take two years to try and reject it meanwhile Starving airlines of their most profitable customers for that many more months.
the biggest unanswered question is how fast things come back. Every month longer is more structural change
#246
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1) at some point, it’s that one more thing that gets you. Right now, as the kids say, it’s “all the things”. Not saying zoom will do it alone; I’m saying zoom hurts and it’s not minor
2) as noted above, losing 10% of your most profitable customers is non-trivial
3) even if zoom ultimately reduces travel by 0% it could still cause bankruptcies if companies take two years to try and reject it meanwhile Starving airlines of their most profitable customers for that many more months.
the biggest unanswered question is how fast things come back. Every month longer is more structural change
2) as noted above, losing 10% of your most profitable customers is non-trivial
3) even if zoom ultimately reduces travel by 0% it could still cause bankruptcies if companies take two years to try and reject it meanwhile Starving airlines of their most profitable customers for that many more months.
the biggest unanswered question is how fast things come back. Every month longer is more structural change
#247
Two issues are important: does travel return to “normal” and how fast does it do so
zoom need not replace business travel to cause chaos. If it ultimately takes 10% of (high margin) business travel and pushes the recovery out 12 months, that could tip a major into bankruptcy
zoom need not replace business travel to cause chaos. If it ultimately takes 10% of (high margin) business travel and pushes the recovery out 12 months, that could tip a major into bankruptcy
#248
1) at some point, it’s that one more thing that gets you. Right now, as the kids say, it’s “all the things”. Not saying zoom will do it alone; I’m saying zoom hurts and it’s not minor
2) as noted above, losing 10% of your most profitable customers is non-trivial
3) even if zoom ultimately reduces travel by 0% it could still cause bankruptcies if companies take two years to try and reject it meanwhile Starving airlines of their most profitable customers for that many more months.
the biggest unanswered question is how fast things come back. Every month longer is more structural change
2) as noted above, losing 10% of your most profitable customers is non-trivial
3) even if zoom ultimately reduces travel by 0% it could still cause bankruptcies if companies take two years to try and reject it meanwhile Starving airlines of their most profitable customers for that many more months.
the biggest unanswered question is how fast things come back. Every month longer is more structural change
You just said that a 10% reduction would tip us in to bankruptcy, and while I know you are saying it is in conjunction with other factors I just don't see that as true. I also don't know who came up with a 10% reduction in travel as a result of zoom, but I seriously question that number too.
This technology has existed for a long long time. I have people close to me who have worked entirely remotely long before this. If you're arguing that being forced to do meetings virtually finally opened these businesses eyes to the fact that virtual meetings are possible, aren't you also arguing that they are ignorant and stupid? That's the only way they wouldn't realize the possibility to do this virtually when it could have saved them millions. I don't buy that, and I think people meet face to face for a reason.
During the AA hiring process you do a video interview first. After passing that, you are brought in for a face to face. They know that small details that make all the difference can be impossible to perceive over a screen, and they pay a lot of money to see you in person.
Long story short, I think they will do meetings virtually for a little while, but once they deem it safe the vast majority will resume face to face interviews.
#249
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and no I’m not calling people stupid. They’re quite smart and realize that previous aggressive telepresence was risky because they’d be blamed for the learning curve. A critical mass of business decision
makers have been dragged across said curve and can now exploit it with less personal risk.
#250
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and my key point is that the exact scope of “a little while” matters tremendously. If zoom et al turns that little while from 6 months to a year, that’s a big deal
and no I’m not calling people stupid. They’re quite smart and realize that previous aggressive telepresence was risky because they’d be blamed for the learning curve. A critical mass of business decision
makers have been dragged across said curve and can now exploit it with less personal risk.
and no I’m not calling people stupid. They’re quite smart and realize that previous aggressive telepresence was risky because they’d be blamed for the learning curve. A critical mass of business decision
makers have been dragged across said curve and can now exploit it with less personal risk.
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