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But I thought the "chosen one" was gonna save us!!!!!!!
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.
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
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.
Doom and gloom, even the most conservative forecasts show our economy improving in late 09 or early 2010. Unemployment hits its high of 8-9% in 2010 and there is no way we see double digit interest rates. I am not the smartest but I do know not to fall into this over-hyped fear of a new great depression. Will it be a bad recession? Yes, but we will not be re-living the early 1930s. As an Obama supporter I have not used "chosen one" to describe our current president, the only people who use that term for him are the unimformed hard core right wingers. American enginuity will save us as is always does, Obama is just one man that will be much better for us than GWB but not as great as a Reagan or Lincoln IMHO. You could be right and in which case I will admit it with humility but until that day I am cautiously optimistic.
They say "we" are parking 40-50 mainline jets. The big question is whether they'll be Red side DC-9s or blue side Mad Dogs...
I am sure the 747-200s are in that number too.
I'll say it again. Save money, get out of debt by any means possible. Put a month's worth (three is better) of pay into CASH (as in currency) and put it somewhere safe. Gold works, too, but get the actual, physical metal...not some worthless paper.Nu
Gold works, too, but get the actual, physical metal...not some worthless paper.Nu