More good news

I really don't know what you guys are thinking about this long term doom and gloom.

Talking to some of my friends in Fortune 50 Companies (that I know have VERY lucrative contracts with airlines), they never want to see a Global ZOOM Meeting again....
 
Seggy said:
I really don't know what you guys are thinking about this long term doom and gloom.

Talking to some of my friends in Fortune 50 Companies (that I know have VERY lucrative contracts with airlines), they never want to see a Global ZOOM Meeting again....
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I think that’s just it... No one really knows exactly how this is going to play out. And regardless of what people want, we all know that in what will ultimately drive decisions is the bottom line. If they can save money and maintain (or increase) productivity then that’s what they’ll do. Maybe this spurs more leisure travel though?
 
Anecdotal like others opinions but like Seggy said above, both "road warrior" friends of mine who were always at or near the highest frequent flyer status have said that the zoom stuff has been largely a waste of time. A bridge to get through the social distancing but absolutely not a long term solution.

The one of the two shakes his head thinking about how long it is going to take to get the factories he frequents in Mexico, to get back up to speed. The in-person collaboration is night and day more effective than talking through a computer.

The other, who works in health insurance, sums it up by saying the rep who is vying for a multi-million dollar contract will be there in person to win it -- otherwise someone else will.

Of course, some things can be done alright online -- but many cannot.
 
Seggy said:
I really don't know what you guys are thinking about this long term doom and gloom.

Talking to some of my friends in Fortune 50 Companies (that I know have VERY lucrative contracts with airlines), they never want to see a Global ZOOM Meeting again....
Click to expand...
Nick said:
Anecdotal like others opinions but like Seggy said above, both "road warrior" friends of mine who were always at or near the highest frequent flyer status have said that the zoom stuff has been largely a waste of time. A bridge to get through the social distancing but absolutely not a long term solution.

The one of the two shakes his head thinking about how long it is going to take to get the factories he frequents in Mexico, to get back up to speed. The in-person collaboration is night and day more effective than talking through a computer.

The other, who works in health insurance, sums it up by saying the rep who is vying for a multi-million dollar contract will be there in person to win it -- otherwise someone else will.

Of course, some things can be done alright online -- but many cannot.
Click to expand...

The future I see, or at least I'm worried about for buddies who are there, is how American is going to be able to carry their debt load in a world where business travel might not bounce back tomorrow.

There are two very large airlines, Delta and United, who would LOVE to see American wither on vine. Further, from a capacity standpoint today (not 18-24 months from now), the industry doesn't NEED a third mega carrier, and American is without a doubt in the worst financial position of any airline in the industry.
 
Cherokee_Cruiser said:
Exactly. All this airline expansion is basically being backfunded with taxpayer money (PSP) and government loans. I don’t see the appetite for 2019 demand anytime soon, especially for business travel.
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Who said anything about 2019 levels returning anytime soon. 2023-2025 for a full resurgence on that front probably.
 
jtrain609 said:
The future I see, or at least I'm worried about for buddies who are there, is how American is going to be able to carry their debt load in a world where business travel might not bounce back tomorrow.

There are two very large airlines, Delta and United, who would LOVE to see American wither on vine. Further, from a capacity standpoint today (not 18-24 months from now), the industry doesn't NEED a third mega carrier, and American is without a doubt in the worst financial position of any airline in the industry.
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You forgot Southwest. I think that is the serious wild card at the moment. “What happens when AAG files for bankruptcy protection?” I’ve heard convincing arguments for several scenarios. None of them pretty.
 
I find it interesting that so many pilots seem to predict the future. We don't know how businesses will respond to this in one year to five years to ten years. Saying that the world will never return to normal is some magic eight ball stuff. Sure returned fine after 1928.

But I do find it strange how airlines are hiring again. The numbers are still bad, really bad for some places. It's good news they are hiring but it just doesn't add up.

Anyway, if 2020 taught me anything is money isn't real. lol
 
smack300 said:
I find it interesting that so many pilots seem to predict the future. We don't know how businesses will respond to this in one year to five years to ten years. Saying that the world will never return to normal is some magic eight ball stuff. Sure returned fine after 1928.

But I do find it strange how airlines are hiring again. The numbers are still bad, really bad for some places. It's good news they are hiring but it just doesn't add up.

Anyway, if 2020 taught me anything is money isn't real. lol
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We are a weird people. I’m not sure why we have to pretend we know WTF is going on all the time.
 
Screaming_Emu said:
We are a weird people. I’m not sure why we have to pretend we know WTF is going on all the time.
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I mean, I’m not saying I know exactly what’s going to happen. And overall I’m pretty optimistic about the future of the industry. I just think something bad is going to happen to AAG and what that looks like will determine a lot about where this goes for the rest of the industry.
 
Sheesh. I don't frequent this place for a while and I come back to this?

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Seggy said:
I’d bet money that we will be hiring in the fall.

There will be unfilled vacancies (that means they have to hire) with the processes they are going through. Doesn't mean they have to fill them right away, but it does mean they are unfilled.
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!
 
jtrain609 said:
The future I see, or at least I'm worried about for buddies who are there, is how American is going to be able to carry their debt load in a world where business travel might not bounce back tomorrow.

There are two very large airlines, Delta and United, who would LOVE to see American wither on vine. Further, from a capacity standpoint today (not 18-24 months from now), the industry doesn't NEED a third mega carrier, and American is without a doubt in the worst financial position of any airline in the industry.
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How does that affect JetBlue then....
 
Seggy said:
Or, as companies allow more employees to work mostly where they want, that will actually drive business travel up as there will be a higher need for monthly or quarterly in person touch base meetings with teams that are spread across the country.
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Yeah, nobody is doing that.
 
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