Q3 2023 Earnings
10-27-2023 | 08:29 PM
#62
The REAL Bluedriver
Joined: Sep 2011
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From: Airbus Capt
Sounds like some cars are going to get repossessed and some people won't be able to spend on their Macy's credit card anymore... I think it's going to take a lot more than that to bring this economy completely to its knees. A recession is certainly possible, in fact, a recession is always coming, but more likely to be a garden variety. Normal recession in my opinion, unless something else changes.
10-27-2023 | 08:38 PM
#63
Line Holder
Joined: Mar 2020
Posts: 305
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Sounds like some cars are going to get repossessed and some people won't be able to spend on their Macy's credit card anymore... I think it's going to take a lot more than that to bring this economy completely to its knees. A recession is certainly possible, in fact, a recession is always coming, but more likely to be a garden variety. Normal recession in my opinion, unless something else changes.
10-27-2023 | 09:00 PM
#64
The REAL Bluedriver
Joined: Sep 2011
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From: Airbus Capt
10-28-2023 | 04:33 AM
#65
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Joined: Oct 2012
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They (Spirit and Frontier) are the canaries in the coal mine of our failing economy, and eventually it will work its way up until we see a crash worse than 2008 with foreclosures and bank failures. America learned nothing from that. We doubled down on spending money we don't have.
Anyhow, best of luck to all of you. If I was at a Spirit/Frontier/Allegiant/Jetblue or even Southwest, I'd be trying to get in at a legacy airline before the door slams shut.
Anyhow, best of luck to all of you. If I was at a Spirit/Frontier/Allegiant/Jetblue or even Southwest, I'd be trying to get in at a legacy airline before the door slams shut.
10-28-2023 | 06:00 AM
#67
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
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From: Airbus Capt
Dumb thing to say. I don't wish ill on anyone, and I'm not insensitive to people in difficult situations. But the economy continues to demonstrate it's resilience despite predictions of its failure "just around the corner" for the last several years. Some repossessed cars and some banks taking a loss on some of the credit card debt are not likely to cause more than a garden variety recession. It will take more than that to cause the collapse predicted by genius Nick.
10-28-2023 | 06:43 AM
#68
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
Dumb thing to say. I don't wish ill on anyone, and I'm not insensitive to people in difficult situations. But the economy continues to demonstrate it's resilience despite predictions of its failure "just around the corner" for the last several years. Some repossessed cars and some banks taking a loss on some of the credit card debt are not likely to cause more than a garden variety recession. It will take more than that to cause the collapse predicted by genius Nick.
the 2007/2008 housing market crash was predicted by a few markers that some people picked up on.
defaults on subprime mortgages started to slowly climb years before it even happened.
they even made a good movie about it called “the big short”
10-28-2023 | 06:43 AM
#69
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,126
Likes: 796
From: Engines Turn or People Swim
Anyhow, best of luck to all of you. If I was at a Spirit/Frontier/Allegiant/Jetblue or even Southwest, I'd be trying to get in at a legacy airline before the door slams shut. In fact, I'd probably want to have a couple thousand pilot furlough buffer below me, because that's probably coming within the next 2 years when the SHTF.
Although legacies might be less inclined to furlough, or furlough less, if a recession were to hit in the next couple years.... retirements will still happen and they may not want to waste all that training capacity by moving backwards, if they can afford to ride it out.
10-28-2023 | 07:11 AM
#70
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
Likes: 206
From: 787
no I mean United. United took the hit in Q1 anticipating the new pilot contract and the retro that would be paid.
they could possibly take a small hit in Q4 if the under judged
https://www.cnbc.com/2023/03/13/unit...rter-loss.html
they could possibly take a small hit in Q4 if the under judged
https://www.cnbc.com/2023/03/13/unit...rter-loss.html
Last edited by MasterOfPuppets; 10-28-2023 at 07:27 AM.
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