Recession Thoughts
04-16-2023 | 09:48 PM
#11
Line Holder
Joined: Jun 2019
Posts: 1,616
Likes: 180
From: B747 FO
In my opinion, sooner or later we’ll see another black swan, it’s just part of life, cycles. It could be next month or in 2028.
Nobody can predict the future and no job is furlough safe BUT I think we are really lucky, due to all the insane amount of retirements. If it gets really ugly, I see them freezing hiring and maybe offering more early retirements, but no furloughs IMO.
Recalling pilots creates a ton of training events too, and training departments are already saturated as they are. And retirements are not gonna stop, with or without recessions.
Nobody can predict the future and no job is furlough safe BUT I think we are really lucky, due to all the insane amount of retirements. If it gets really ugly, I see them freezing hiring and maybe offering more early retirements, but no furloughs IMO.
Recalling pilots creates a ton of training events too, and training departments are already saturated as they are. And retirements are not gonna stop, with or without recessions.
04-17-2023 | 05:11 AM
#12
Rerouted On Weekends
Joined: Oct 2015
Posts: 2,937
Likes: 0
From: 717A
Of course we will see a black swan event. It’s allows the rich to get richer by buying in on the proverbial dip. They provide themselves safety nets and insider info to get out of the way, then ease back in when they can scoop up more value. Textbook. Look no further than Covid.
Tinfoil hat removed.
Tinfoil hat removed.
04-17-2023 | 05:58 AM
#13
On Reserve
Joined: Nov 2015
Posts: 155
Likes: 7
This. The CEO of Delta probably has better insight than random pilots on APC. Nonetheless no one has the crystal ball. It will be interesting to see what Scott Kirby says tomorrow about it.
04-17-2023 | 06:12 AM
#14
Line Holder
Joined: Mar 2017
Posts: 1,053
Likes: 9
From: Student of the game
[QUOTE=Agent62;3625283It will be interesting to see what Scott Kirby says tomorrow about it.[/QUOTE]
Will it tho? Everything that comes out of these guys‘ mouths is complete nonsense. All they do is spew narratives that serve themselves or the shareholders.
Will it tho? Everything that comes out of these guys‘ mouths is complete nonsense. All they do is spew narratives that serve themselves or the shareholders.
04-17-2023 | 06:27 AM
#15
Line Holder
Joined: Dec 2018
Posts: 1,150
Likes: 9
shareholders won’t be happy though if mgmt can see a recession / decline in bookings coming and doesn’t do anything about it.
04-17-2023 | 06:32 AM
#16
Gets Weekends Off
Joined: Nov 2022
Posts: 240
Likes: 0
Ed Bastian’s job is to make people feel good about Delta and its future. His comments in this area are not meaningful/useful to this discussion. He’s paid well to be a Delta optimist. (I hope he’s right though.)
04-17-2023 | 06:40 AM
#17
Banned
Joined: Feb 2018
Posts: 657
Likes: 0
From: B-737 Captain
"I don't think we'll ever lose money again."
-Doug Parker, American CEO
Sept 28, 2017
04-17-2023 | 07:01 AM
#19
Moderator
Joined: Sep 2017
Posts: 3,202
Likes: 0
From: MEC Chairman, Snack Basket Committee
Of course we will see a black swan event. It’s allows the rich to get richer by buying in on the proverbial dip. They provide themselves safety nets and insider info to get out of the way, then ease back in when they can scoop up more value. Textbook. Look no further than Covid.
Tinfoil hat removed.
Tinfoil hat removed.
04-17-2023 | 07:04 AM
#20
Moderator
Joined: Sep 2017
Posts: 3,202
Likes: 0
From: MEC Chairman, Snack Basket Committee
We need to step back from our crack addiction to info from mgmt. Let the union engage for us.
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