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Future of regionals?
https://airwaysmag.com/industry/the-...onal-airlines/
A few opinions... One excerpt: Regional airlines face negative effects of changes in consumer behavior exacerbated by COVID-19. Madhu Unnikrishnan, Editor Airline Weekly notes that in the United States “we are hearing that people now say they’d rather drive 3-5 hours than fly. Whether that lasts remains to be seen, but if airfares do eventually rise, people may be more likely to drive a few hours to a hub rather than take a short connecting flight. Regional airlines probably have a tough future ahead of them.” |
Originally Posted by Excargodog
(Post 3100858)
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Maybe, maybe not. The article is long on opinions, but pretty short on actual data.
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The issue comes when this thing lasts so long that people's habits permanently change. Plus if the whole AOC green deal anti-airline thing takes hold under Biden, then things could really get bad for us. I may have to go back to hooking.
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Originally Posted by bradthepilot
(Post 3100874)
Maybe, maybe not. The article is long on opinions, but pretty short on actual data.
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Originally Posted by Excargodog
(Post 3100880)
Foretelling the future has always been like that...
That's a big part of the reason I tend to ignore any and all such things, and try really hard to avoid making predictions myself, unless there is actual data to support such a conclusion. |
Originally Posted by bradthepilot
(Post 3100888)
Agreed.
That's a big part of the reason I tend to ignore any and all such things, and try really hard to avoid making predictions myself, unless there is actual data to support such a conclusion. These headwinds have resulted in severe financial losses, downsizing, multiple trips to the bankruptcy courts, and liquidations. In recent years, the overall departure numbers of these regional airlines declined from a 2007 peak of 5.14 million to 3.86 million in 2018.=10pt =10pt |
Originally Posted by JediCheese
(Post 3100865)
They say that, and it's somewhat true. But I doubt people are going to drive 5 hours ALB - NYC and pay the outrageous parking fees.
This environment is going to lead to ruthless revenue management. Anything that isn't consistently profitable or subsided is going to get cut. 5 flights per day from Des Moines to Chicago on both American and United? Fahget about it. |
Originally Posted by Excargodog
(Post 3100891)
a loss of 1.28 million (from 5.14 million) departures during a period when air travel was growing is surprising to me. Clearly, some of that may be attributed to larger regional jets, but even so...
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Worst part is the future of years of no
base movements, commuting to reserve, no upgrades, and crappy schedules until some movement returns. With no flying I wonder how long it will take for descent movement to come back. Yes retirements are still happening but airlines are downsizing so the ratio of pilots and flying won’t change much. |
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