03/10/2020 Interview
#23
Line Holder
Joined: Sep 2005
Posts: 1,753
Likes: 20
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.
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.
#25
Gets Weekends Off
Joined: Oct 2019
Posts: 110
Likes: 0
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
#26
Gets Weekends Off
Joined: Oct 2019
Posts: 110
Likes: 0
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