Does anyone else plan to revisit these threads a year from now and see who was the best palm reader?
Silver02ex
03-22-2020 10:52 AM
Originally Posted by Balker
(Post 3007430)
Stepping up hiring in Aug/Sept? Are you talking about 2021 or 2022? Seriously... I’d be pleasantly surprised if we complete recalls by 3rd QTR. I understand it’s important to stay calm and optimistic, but things won’t be the same after this world pandemic. A deep recession it’s upon us. Many what ifs will needed to be answered before being able to paint a picture for our short/medium term future.
I’m a true believer in our business model, which I think it’ll be the most resilient one by far. But first, we need to survive financially to be able to growth again. Consolidation? Yeah, totally an option. It’s funny how people on these forums pretend they can predict what F9 and Franke will do. We’ve entered a new dimension here. China just had a 56-day lockdown and we’re still pretending it’s a seasonal flu. Regardless of what the truth is about this virus, people are canceling their travel plans and business are shutting down. Just think about that waitress in CA that was thinking about visiting friends in FLL this summer. Do you think she’ll recover financially by summer? Heck no.
Airlines4America are stepping up their tones (yeah no kidding). The situation is dire and we’re still **** around with (20-25%) cuts. Even if we manage with only a 50% capacity reduction for 3-5 months, you’d think they’ll keep all of us around? For NK it’s way easier to furlough than the big 3. Even if it’s a short one. Don’t forget that.
Your guess is just as good as anyone else. I agree that people will be out of a job, not just the airline industry. Look at why every plane is almost empty, Disney is close, cruise ships stopped sailing and Vegas stopped dealing cards. Business travelers are told to work from home. For $20 one way ticket, it still doesn’t stop some people from flying. Once things are opened back up, I think you’ll see the amount of people who wants to travel go up quickly. Some business will fail, I just hope all of this will pass and people will go back to their normal lives ASAP. IMO
Silver02ex
03-22-2020 10:53 AM
Originally Posted by badtransam97
(Post 3007610)
Does anyone else plan to revisit these threads a year from now and see who was the best palm reader?
That crossed me mind. Especially the AA or ULCC threads
Balker
03-22-2020 11:54 AM
Originally Posted by Silver02ex
(Post 3007613)
Your guess is just as good as anyone else. I agree that people will be out of a job, not just the airline industry. Look at why every plane is almost empty, Disney is close, cruise ships stopped sailing and Vegas stopped dealing cards. Business travelers are told to work from home. For $20 one way ticket, it still doesn’t stop some people from flying. Once things are opened back up, I think you’ll see the amount of people who wants to travel go up quickly. Some business will fail, I just hope all of this will pass and people will go back to their normal lives ASAP. IMO
No doubt the future it’s impossible to predict. The difference is, a good number of our pilots fail to understand basic concepts of our industry. I’d be more than happy to be wrong. Believe me, I’m not shorting SAVE. Once people start flying again, the biggest challenge will be the dilution of yields thanks to overcapacity. What will the big 3 do with the bailout money? Part of that money could be used to flood the market with cheap seats to fight back LCCs. Again, not a prediction but a possibility. Even if they do, on the long wrong will win that fight, but it’s important to understand that there will be blood. I have my money on NK.
Balker
03-22-2020 11:55 AM
Originally Posted by badtransam97
(Post 3007610)
Does anyone else plan to revisit these threads a year from now and see who was the best palm reader?
A year from now? How about 3-4 weeks ago when the majority of NK’s forums were filled with “nahhh it won’t affect us, we don’t fly to China”
