Quote:
Originally Posted by ewrbasedpilot
The reason flights are full is because of capacity reductions and low fares that were purchased up to a few months ago. We CAN NOT continue to provide our services with costs going upwards of 1-2% every DAY. This insanity has to stop. Unfortunately, with a nad-less government, we're destined to be screwed for a long time because of this. If I was in the bottom 20% of an airline, I'd be a bit worried right now. Things are not looking good regardless of what kind of spin you put on it.
Point taken. However, the market eventually has to correct itself which could take months or years. Im in the bottom 10% and no Im not worried because I have invested wisely and have other sources of income, something everyone should be doing already whether your a pilot or waiter. Dont tell me how other people dont have that luxury because that is bull, people need to take responsibility for themselves. I dont buy this sky is falling mentality either. Nobody is driving less, the economy is still growing despite what politicians and cnn says. A recession by definition is the drop in GDP for 6 consecutive months, hasn't happened. We have not had one month with a dip in GDP yet, that is a fact not an opinion. Realistically, oil is going to keep going up for the next few months, get over it already. I dont think you will see the panic of your elected officials and media outlets until after the election. How many months have we had this same conversation? Back in October, we were saying oh my gosh oil is pushing 100 dollars and Southwest hedges are running out (that is funny when I hear it every year). Wow, here we sit in May, we are still kicking and still having the same conversation. Let me say that next month I will start the newest thread on APC that says "Oil 150 a barrel, what now?" Life goes on people.