Yep, and everyone loves a cheap ticket, even budget minded business travelers. Those that have to travel will, and those that have to travel or want to travel but with limited means will do so on one of the ULCCs. The leisure travellers to international markets, such as Europe or Asia, in my opinion will be the last to return.

 

Had a feeling you may chime in here and draw a false parallel between china being a communist country and the dreaded word most republicans hate of being "restricted"
What logic not rhetoric is saying is its a country who had the first outbreak of Corona and took the steps necessary to stop it from spreading just as we have. Thats the correct parallel. Does that make us communists? lol
As well being worlds second largest GDP, so yes they know how to buy and sell things even if they are communists with humans and corona and an economy they would like to get back on track just like us, they havnt and instead have been very cautious. Hence and Ill say again its not that things wont recover here but I sincerely doubt that it will just turn on and people will be desperate to run to vegas.
As well again without an antibody test I dont know how it would be possible unless you follow the GOP message of having another 1 to 2% of the population run out there and get infected only to spread it and rebloom the numbers of those infected and those who will die.
Long story short again I think this will take a while unless the science community is given the time to do their jobs.

 

I mean... I doubt I'm even getting a stimulus check, and I just spent the last hour pricing out a Mercedes E450 Wagon vs a C8 Corvette. (they're about the same price.)

Not going to buy one (at least until this all blows over, my current car is paid off) but it sure is fun.

 

There is no false parallel, and kindly stow your “yay team” BS.

You have one country that literally locked people in their own apartment complexes, and has a government and populace that are willing to use and often accept totalitarian government actions. Screw up over there and you disappear like that researcher from the Wuhan virology lab.

We closed gyms, bars and limited restaurants to take out while recommending people don’t travel unnecessarily. It’s a world of difference that you don’t appreciate.

China has a huge GDP because the rest of the world has farmed out their supply chains to the Middle Kingdom. Can you think of anything going on right now that might be hampering that? They are not a consumer society in the sense that we are. Take away the rest of the world’s demand for their cheaply made widgets, and their GDP is pitiful for a population as large as theirs. Sure, they’ve got malls and huge cities that most westerners can’t begin to name. But they won’t get their economy moving until the rest of the world gets moving itself.

 

people have short memories and absolutely can not change their fiscal habit (or whatever you want to call it) just like that.....people don’t change. Are people going to be traveling to Europe for that 7-day family vacation? Probably not (I know that’ll anger the legacy types) but they’ll spend $50 to travel across the country.....

 

we will soon find out I suppose.

 

I agree. The “home economy” hasn’t taken precedence in the US in a long time with well over a trillion dollars owed on both credit cards and student loans. The Dave Ramsey’s and Susie Orman’s are making a dent in that thinking. But just a dent. Spending money we don’t have is the American way.

 

We are taking the money. Union email. Just chill everyone.

 

5pm deadline today to apply for LOAN money?

Has there been any discussion of Spirit applying for that part of the CARES Act? I haven’t heard anything.

Is it now or never?

 

If you’re asking about the 401k loan/disbursement portion of the CARES act you’ve got until the end of the year.

Talking with Schwab we were one of the first to implement that provision.