468,933
01-27-2021, 06:02 AM
#2
Gets Weekends Off
Joined APC: May 2009
Position: 787
Posts: 454
Unfortunately with the holidays over, and less leisure travel at the beginning of the year - this is going to be pretty normal for the time being (until business travel starts picking up). Say what you want about the virus, but companies are really not traveling right now, especially now that a lot of firms are starting to see a light at the end of the tunnel.
The good news, is we have a few friends who are consultants at the big4, and they do expect to start traveling in 2H. There are going to be a lot of restructures to advise!
I think the real thing we should be tracking now is the number of vaccines administered - anything to get case quantity out of the news cycle.
The good news, is we have a few friends who are consultants at the big4, and they do expect to start traveling in 2H. There are going to be a lot of restructures to advise!
I think the real thing we should be tracking now is the number of vaccines administered - anything to get case quantity out of the news cycle.
01-27-2021, 06:32 AM
#3
Gets Weekends Off
Joined APC: Oct 2019
Posts: 1,280
Originally Posted by FlyPurdue
Unfortunately with the holidays over, and less leisure travel at the beginning of the year - this is going to be pretty normal for the time being (until business travel starts picking up). Say what you want about the virus, but companies are really not traveling right now, especially now that a lot of firms are starting to see a light at the end of the tunnel.
The good news, is we have a few friends who are consultants at the big4, and they do expect to start traveling in 2H. There are going to be a lot of restructures to advise!
I think the real thing we should be tracking now is the number of vaccines administered - anything to get case quantity out of the news cycle.
The good news, is we have a few friends who are consultants at the big4, and they do expect to start traveling in 2H. There are going to be a lot of restructures to advise!
I think the real thing we should be tracking now is the number of vaccines administered - anything to get case quantity out of the news cycle.
01-27-2021, 06:54 AM
#4
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,210
Originally Posted by LoneStar32
It is 25% of last year (compared to the same day of the week a year ago). So when compared to a similar period a year ago whether it is a busy travel holiday or not is irrelevant. Decrease in business travel has been known for a while now. The 25% is bad news no matter which way you look at it.
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01-27-2021, 07:24 AM
#5
Banned
Joined APC: Jul 2018
Position: ATP
Posts: 261
Originally Posted by rickair7777
Combination of surging covid and imminent vaccine availability... many folks are just putting off travel for a while until they get the vaccine (or until everyone ELSE gets the vaccine )
)https://simpleflying.com/germany-may...ll-air-travel/
This is the same ideology that just took over at the helm here in the US. “The danger from the numerous virus mutations forces us to consider drastic measures. That includes significantly stricter border checks, especially at the borders of high-risk areas, but also reducing air travel to Germany to almost zero, as Israel is currently doing.”
01-27-2021, 07:35 AM
#6
Gets Weekends Off
Joined APC: Dec 2018
Posts: 334
Originally Posted by WhiskyWhisky
...preparing for the extreme spike in energy prices, massive tax increases. People are not only afraid to fly because of Covid, but they are wise to recognize the very dark, dismal, suppressing times that are ahead. We are at the cusp of a major collapse.
01-27-2021, 07:37 AM
#7
Gets Weekends Off
Joined APC: Oct 2019
Posts: 1,280
Originally Posted by rickair7777
Combination of surging covid and imminent vaccine availability... many folks are just putting off travel for a while until they get the vaccine (or until everyone ELSE gets the vaccine )
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01-27-2021, 07:41 AM
#8
Gets Weekends Off
Joined APC: Oct 2019
Posts: 1,280
Originally Posted by BrazilBusDriver
You do realize that energy prices are tied to market outlooks, right? And if the economy were collapsing energy prices would necessarily decrease as demand cratered, correct?
01-27-2021, 09:31 AM
#9
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,480
Originally Posted by rickair7777
Combination of surging covid and imminent vaccine availability... many folks are just putting off travel for a while until they get the vaccine (or until everyone ELSE gets the vaccine )
)
01-27-2021, 09:40 AM
#10
Gets Weekends Off
Joined APC: Jan 2019
Posts: 1,130
Originally Posted by LoneStar32
It's not that simple. During the recession of the 00s (Which many consider the worst recession since pre WWII) gas prices were the highest they ever were, even when adjusted for inflation.
Prices were high at the pump in 2010 and 2011, but that was after the recession was officially over.
In the current situation we have an over supply in fuel which threatens to shut down already dug wells. The industry needs more consumption, not exploration.
I get a kick out of Americans talking about American energy independence via oil from Al Berta.
