Brexit

I don't see how it could be. NAI is "Irish" and Ireland is still part of the EU. Norway has never been part of the EU so any part that's Norwegian will be unaffected.
 
adk said:
I don't see how it could be. NAI is "Irish" and Ireland is still part of the EU. Norway has never been part of the EU so any part that's Norwegian will be unaffected.
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I was thinking that LGW was going to be their main hub of operation, despite being "Irish", thus no longer being able to use EU open skies for routes.
 
Guess that makes sense. Just been flying UK a lot lately with UAL and see a lot more of us here than AA. Maybe I'm going to the wrong places. Actually here right now. Never heard so much chatter on 123.45 in my life as I did last night. Lots of speedbird guys talking about it.
 
Dan208B said:
Guess that makes sense. Just been flying UK a lot lately with UAL and see a lot more of us here than AA. Maybe I'm going to the wrong places. Actually here right now. Never heard so much chatter on 123.45 in my life as I did last night. Lots of speedbird guys talking about it.
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What were they saying about it?
 
Kingairer said:
AA is the largest US carrier in LHR.
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But not by much, if anything this will help I think. We will maybe start flying direct to more European cities instead of putting them all in BA.

It also isn't that much more than the rest.
As has 19
Dl has 11
Ua has 17
Sw has 0

If anything I think united would be hurt the most since they don't have a code share with anyone. But honestly at the end of the day this won't harm anyone. If anything a weaker pound will allow for cheaper travel to the UK .
 
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Weaker pound means we get less money in our pockets when we sell tickets in the UK. This is what has happened in canada and why we've pulled back on service there. Kirby mentions this in the last crew news. In the end, 2 years from now when this happens, it probably won't amount to much.
 
Kingairer said:
Weaker pound means we get less money in our pockets when we sell tickets in the UK. This is what has happened in canada and why we've pulled back on service there. Kirby mentions this in the last crew news. In the end, 2 years from now when this happens, it probably won't amount to much.
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True but it also leads to more investment post the initial destabilization and a greater demand for UK export products because they are cheaper. Also the unstable conditions lead investors to pull money from the pound and put it in precious metals and stable treasury bills over here which effectively artificially increase the spread between the initial and reaction value of the pound. Smart people would do good to remember that, because that money won't just stay in our treasury bills forever which when removed will cause the pound to rally back up against the dollar.

People need to stop looking at monetary value as a simple good/bad. Money has to have value but if it's value is too great it stifles demand, likewise to much inflation isn't good either. There is a balance, and moving the needle 10-15 cents while initially shocking isn't the economic death spiral others are predicting. If it is how is the Euro a good currency when it's lost a third of its value over the last couple years.


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Lawman said:
True but it also leads to more investment post the initial destabilization and a greater demand for UK export products because they are cheaper. Also the unstable conditions lead investors to pull money from the pound and put it in precious metals and stable treasury bills over here which effectively artificially increase the spread between the initial and reaction value of the pound. Smart people would do good to remember that, because that money won't just stay in our treasury bills forever which when removed will cause the pound to rally back up against the dollar.

People need to stop looking at monetary value as a simple good/bad. Money has to have value but if it's value is too great it stifles demand, likewise to much inflation isn't good either. There is a balance, and moving the needle 10-15 cents while initially shocking isn't the economic death spiral others are predicting. If it is how is the Euro a good currency when it's lost a third of its value over the last couple years.


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You level of naivety once again shows.

I know of one airline that survived the early 1990s solely because of their Japan to Guam network and the high value of the yen compared to the United States Dollar. This allowed them to remain solvent where, if they didn't have this network and the money it brought in because of the yen, they would have most likely faced liquidation.

Airlines don't accept gold or silver as payment. They are depended on currency and to have something like this hit in the middle of the heavy summer travel season is not good short term, nor will it be likely good long term.
 
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Seggy said:
You level of naivety once again shows.

I know of one airline that survived the early 1990s solely because of their Japan to Guam network and the high value of the yen compared to the United States Dollar. This allowed them to remain solvent where, if they didn't have this network and the money it brought in because of the yen, they would have most likely faced liquidation.

Airlines don't accept gold or silver as payment. They are depended on currency and to have something like this hit in the middle of the heavy summer travel season is not good short term, nor will it be likely good long term.
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Wait when the hell did we end up with two Brexit threads?

Do you really think we will see some fantasy image Bread lines and a Great Depression like doomsday some on the remain side were predicting because of this because of losses to airline revenue?

Does it occur to you that lower cost travel also leads to increased tourism? You know what the second most visited tourist city in the world is? It's London. http://www.nbcnews.com/storyline/br...hat-now-travel-tourism-united-kingdom-n599006

England didn't turn into a leper colony with the Brexit, and AA isn't going to just suddenly go bankrupt at the loss of revenue from the pound dropping.



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Lawman said:
Wait when the hell did we end up with two Brexit threads?

Do you really think we will see some fantasy image Bread lines and a Great Depression like doomsday some on the remain side were predicting because of this because of losses to airline revenue?

Does it occur to you that lower cost travel also leads to increased tourism? You know what the second most visited tourist city in the world is? It's London.



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I totally agree! I rather visit London now. Yes, people are more apt to spend a lot more money when exchange rates are down by lengthening stays and adding on additional attractions. It is so expensive on a good day. Brexit is not the tragedy so many make it and frankly, again it's speculation what will happen in the future with the economy regardless of if we have news like this or otherwise. Forecasting is a big part of many industries and like weather, is not easy to predict. It's business as usual for now.

This is nowhere near a Great Depression or even recession. The sky isn't falling! Yes, there may be some concerns with several airlines, probably AA and United have their revenue managers working overtime to model the possibilities. But, those who dramatize it more can freak out all they want. It isn't time to panic.
 
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Seggy said:
You level of naivety once again shows.

I know of one airline that survived the early 1990s solely because of their Japan to Guam network and the high value of the yen compared to the United States Dollar. This allowed them to remain solvent where, if they didn't have this network and the money it brought in because of the yen, they would have most likely faced liquidation.

Airlines don't accept gold or silver as payment. They are depended on currency and to have something like this hit in the middle of the heavy summer travel season is not good short term, nor will it be likely good long term.
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They are DEPENDENT. Not your little misspelling. Ever think of changing your username to Chicken Little? You are far from an Accountant or Economist. You might be more knowledgeable about your favorite topic, guns?
 
Avgirl said:
They are DEPENDENT. Not your little misspelling. Ever think of changing your username to Chicken Little? You are far from an Accountant or Economist. You might be more knowledgeable about your favorite topic, guns?
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How is your information gathering going?
 
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Lawman said:
Wait when the hell did we end up with two Brexit threads?

Do you really think we will see some fantasy image Bread lines and a Great Depression like doomsday some on the remain side were predicting because of this because of losses to airline revenue?
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No.

But considering a lot of folks have their livelihood on here dependent on how well the airlines do, I would say it is important to have an understanding with this.

Does it occur to you that lower cost travel also leads to increased tourism? You know what the second most visited tourist city in the world is? It's London. http://www.nbcnews.com/storyline/br...hat-now-travel-tourism-united-kingdom-n599006
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Does it occur to you that airlines make most of their money off business travel? Yes, tourism money certainly helps the bottom line, but if the business traveler isn't traveling because of the fall out because of the decision the UK made, it will hurt.

England didn't turn into a leper colony with the Brexit, and AA isn't going to just suddenly go bankrupt at the loss of revenue from the pound dropping.



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Did I say that?
 
Seggy said:
No.

But considering a lot of folks have their livelihood on here dependent on how well the airlines do, I would say it is important to have an understanding with this.



Does it occur to you that airlines make most of their money off business travel? Yes, tourism money certainly helps the bottom line, but if the business traveler isn't traveling because of the fall out because of the decision the UK made, it will hurt.



Did I say that?
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You realize the renegotiations of trade deals and such are actually going to require an increase in business travel from countries backed by the US dollar and Euro to England right? There is actually a vastly increased availability for business travel because of what just happened not a reduction of it.

And yes in the other Brexit thread you've repeatedly pointed to doomsday worst case glass half to all empty news articles and video clips depicting this as a tragedy on par anywhere between the Great Depression and the housing bubble collapse. You've also told those of us looking at it as not nearly as awful or even possibly good in potential we don't know what we are talking about. So yeah you said that. Stop trying to back away from points you tried to score elsewhere.


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