I’m a relatively new pilot here with ~500 pilots below me. I’m curious what the APC brain trust thinks about this bear market with respect to pilot hiring and growth, if any. I’m aware of how 9/11, SARS, 100 barrel oil in 08’ have affected United.


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The stock market shows all the signs of a correction. Sharp down, followed by sharp up. It is not a recession. Not me saying it. But my well respected investment management company.

 

I wouldn't give it a second thought. Enjoy your career and family. You'll see ups and downs. The way the airline industry is structured today I don't think you'll see the lows we enjoyed the last decade.

 

Agreed. With 4 airlines controlling 85% of the market I highly doubt you'll ever see another decade like "the lost decade" in this industry again.

Gup

 

Live within your means. Keep your first wife and first house.

Worry about what you can control.

 

Best advice I have heard is it isn’t what you make but what you can save. Sock as much away as you can and set it and forget it. Airlines will come and go and as much as the industry has changed it is still the same... happy times and sucky times in a 10-15 yr cycle. Make hay while the sun is shining.

Our profit margins aren’t great but we also have a bigger portion of business travelers and higher net worth individuals who don’t feel whatever weekly financial crisis the news can create a nickname for. No pilot can move the rudder on a ship this big but having your personal finances in order make it much easier to not bring it home with you.

 

There is nothing wrong with the economy at all right now. The country is so politically charged the liberal
Media is trying its damndest to manufacture a recession/depression for the 2020 election. The market is reacting to that. They are now trying to sell you the idea that low oil prices are bad for the economy! GMAFB. Most companies, including the big oil companies, are doing just fine!! All you have to do is look at the fundamentals of companies to know what’s really going on. Turn off the news. It’s garbage.

Airlines especially will do awesome with these low oil prices. Now is the time to buy buy buy when everyone else is panicking.

You’re going to be ok! Load factors are high. Oil is low. People are flying everywhere. Barring any out of left field terrorist stunt or something extreme, everything will keep trucking along.

Don’t live outside your means. If you’re single stay single. Do not get married and have kids. That’s the most costly thing you could ever do. If you’re married and have kids, try to stay married as a divorce and child support will set you back to the Stone Age. Save at least 10% of your income.

Be smart and you’ll be ok.

 

I Hate to agree, but I couldn't have said it better. The market drop is not based on fundamentals but rather "trend following" and as such it's just like the "Flash Crash" but in slow mo'. Now if somehow the "trend followers" get enough folks to believe their story then maybe I'll change my opinion, but for now I see another year of good times at the least.

 

A flash crash in slo mo? Jumbo shrimp popped into my mind when reading that for some reason.

 

LOL don't forget your tinfoil hat when you leave the house.

Like the housing market stocks can only go up right??? Nothing to do with this being the longest bull market and tech stocks being a hair over priced for a while right? Couldn't be that. A normal healthy correction.

It must be the LIBERAL MEDIA!