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Delta to hire again?

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I think that if your a flight attendant looking for a job then you might be in luck. I would like nothing more than to have new pilot classes again but I just don't see it happening. Sorry to be a Debbie Downer
 
Heyas,

Agreed. Despite what the pundits say, domestic and international traffic has fallen off a cliff. Oil could be free and it wouldn't make any difference. There are no passengers at any price.

The recession is going to deepen into a full blown depression, with out of control inflation. Expect double digit interest rates and unemployment numbers. Think 1977 except that this time even the rich people are broke.

My guess: Parking another 20-30 mainline aircraft, AT A MINIMUM, plus a WHOLE passel of DCI aircraft.

Furloughs later in 09. DAL side first, then NWA side 2-3 months later.

No recalls until mid 2011, at the earliest.

Nu
 
Heyas,

Agreed. Despite what the pundits say, domestic and international traffic has fallen off a cliff. Oil could be free and it wouldn't make any difference. There are no passengers at any price.

The recession is going to deepen into a full blown depression, with out of control inflation. Expect double digit interest rates and unemployment numbers. Think 1977 except that this time even the rich people are broke.

My guess: Parking another 20-30 mainline aircraft, AT A MINIMUM, plus a WHOLE passel of DCI aircraft.

Furloughs later in 09. DAL side first, then NWA side 2-3 months later.

No recalls until mid 2011, at the earliest.

Nu

The Fed is worried about deflation, not inflation. In addition to that, there will be no double digit interest rates. I doubt very seriously the fed will even touch interest rates until the second half of the year, if at all in 09. I am not sure if your post was a joke, or if you were being serious. No one knows what the capacity changes will be, but as far as the economics side, your info is way off.
 
Force Majure, baby.

Look around. The economy is in a flat spin, and it's heading out to sea.

Went to my favorite mom-n-pop for lunch today. They had 12 people in for lunch. 12. An this is in a metro area. People are hoarding cash hunkering down.

Pay off your debt by any means necessary. It's gonna get ugly.

Nu
 
Force Majure, baby.

Look around. The economy is in a flat spin, and it's heading out to sea.

Went to my favorite mom-n-pop for lunch today. They had 12 people in for lunch. 12. An this is in a metro area. People are hoarding cash hunkering down.

Pay off your debt by any means necessary. It's gonna get ugly.

Nu

But I thought the "chosen one" was gonna save us!!!!!!!
 
The Fed is worried about deflation, not inflation. In addition to that, there will be no double digit interest rates. I doubt very seriously the fed will even touch interest rates until the second half of the year, if at all in 09. I am not sure if your post was a joke, or if you were being serious. No one knows what the capacity changes will be, but as far as the economics side, your info is way off.

Heyas,

The Fed is full of crap, and everybody knows it. The reason there is deflationary pressure in the short term is that everyone is sitting on PILES of inventory, and they need to move it at ANY cost.

Once that is gone, say, in six months or so, the brunt of the "free" money rolling off the printing presses will just be hitting the monetary system. Inflation will go into orbit, and from there, warp drive.

Just to add to the meltdown: Some smart people say that gold is oversold, and there's actually not enough gold in existance or in the pipline to cover what investors actually though they had bought.

If true, and people figure out that the only "real" gold is what you hold in your hand, that's when the REAL panic starts, except this time, it will be completely justifed.

2009 is going to make '08 look like the 80's.

Nu
 
Yes, and no. I read a lot of the same things you do Nu, and subscribe to some of the principles, but I am no where this doom and gloom.
You sound like one of the guys on the ALPA forums. A FDL guy.

I do agree that the fed has no idea what it is doing.
 
Heyas ACL,

I'm not just reading it. I see a lot of "old timers" around my neighborhood who've made some serious cash.

These are guys who made money the old school way...starting out small, then pulling themselves up OR by picking up the family business and are 2nd, 3rd or even 4th generation.

We're not talking about the old man that runs the five and dime store...we're talking about car dealerships, construction companies, supply/wholesaling firms...50-100 million dollar a year outfits, the backbone of the economy. THESE guys are REALLY worried about their survival....for the first time in their lives.

The Fed is out of touch. They have no idea what is going on at the most basic level.

Nu
 
if we have double digit interest rates in six months due to inflationary pressure, we will all have a lot more to worry about than making our personal economic predictions on FI. i don't think it will happen, but i was dumb enough to become an airline pilot, so that probably says enough right there. i do agree that we are in a bit of a rut, but i am personally more worried about what will happen in 20 years from our ever increasing debt than in the next year. hoping for the best and watching the whole show from the sidelines with a bottle of makers mark. the life of a furloughed airline pilot.
 
The key will be future bookings. Most of my flights have been half full. I did a DFW turn and we were half empty. That make me think uh-oh, not good. We will find out in a couple of months what the company's decision regarding furloughs.

Until we get a Single Operating Certificate, from which side we furlough from will be up to the company. Who side will they park? Who knows.
 
My bet is that Delta goes down to around a 10500 pilot airline. I can show you the math on how I arrived at that number but that's another thread.

No hiring for a few years.
 
It was a guesstimate for both sides.

There is a lot in play here. See if they furlough now, then the would have to bring people back after SOC to staff for bid period 5. There are more issues than that, but the simple approach that most airlines take is not the case here. It depends on a few factors.

Time will tell but as I said yesterday loads are way off.
 
"The recession is going to deepen into a full blown depression, with out of control inflation. Expect double digit interest rates and unemployment numbers. Think 1977 except that this time even the rich people are broke."

Sir,

This is FlightInfo.

We have NO room for Reality on this Forum.

Please take your coherent and cogent thoughts elsewhere.

Harumph!

http://www.youtube.com/watch?v=JN99jshaQbY

YKMKR
 
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It was a guesstimate for both sides.

There is a lot in play here. See if they furlough now, then the would have to bring people back after SOC to staff for bid period 5. There are more issues than that, but the simple approach that most airlines take is not the case here. It depends on a few factors.

Time will tell but as I said yesterday loads are way off.

Or they can cut more flying from the NWA side leading up to bid period 5 to bring staffing in line. This is more in line with current DAL (ex-NWA) management via history.

Schwanker
 

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