How long before airlines start hiring again?

[flyboyike]

So which one will furlough, Atlas or Polar?

Atlas already has.

 

[dbrault17]

So its investors not wanting to invest cause Obama took away thier private jets?

So 50 trillion in debt (the largest debt in human existence) has nothing to do with it? The money and so called wealth that was created out of thin air by this debt and than leveraged again and again and sold and resold around the world to all other nations isnt having an effect on the economy? No country has ever lasted on the fiat currency we use today in nearly 3000 years.

Im not going to say the world is coming to end. I think we're gonna see alot of pain for the next few years as the debt unwinds. And Obama is gonna create alot of problems in the future with inflation. Im a bit more optimistic than that, but why is it that the US must be perpetual? Every great society has fallen throughout history, what makes us so special?

 

[JustaNumber]

So its investors not wanting to invest cause Obama took away thier private jets?

So 50 trillion in debt (the largest debt in human existence) has nothing to do with it? The money and so called wealth that was created out of thin air by this debt and than leveraged again and again and sold and resold around the world to all other nations isnt having an effect on the economy? No country has ever lasted on the fiat currency we use today in nearly 3000 years.

Im not going to say the world is coming to end. I think we're gonna see alot of pain for the next few years as the debt unwinds. And Obama is gonna create alot of problems in the future with inflation. Im a bit more optimistic than that, but why is it that the US must be perpetual? Every great society has fallen throughout history, what makes us so special?

Good post. Everything you write is certainly possible. However, investors don't currently want to invest because the anti-business, anti-prosperity legislation coming out of Washington does not bode well for future growth. Disappearing private jets (and all the jobs that go with them) are just a part of that.

 

[cybourg10]

Sorry Justa I have to disagree, in no way is Obama anti business or prosperity and to be honest I think that is a stupid right wing scare tactic. We are going back to the Clinton tax rate for weathy people and giving the middle class (you and me) a tax break, how is that socialism? Its not and it is certainly not anti business. Obama is pro business with ethical and common sense regulation, Bush was pro business with little or no regulation which led to unethical practices. During the Bush recovery a majority of that wealth that was created was for the richest top 2 or 3%. The middle class drives this economy with our constant need to keep up with the Jones'. The fact that so many middle class people believe it is their best interest for the rich to get tax breaks so they can "create jobs" is an unproven strategy for a strong economy. The rich want you to think it is the only way but we should know by now that it is not, but Americans never cease to amaze me in how they are unwilling or uncapable of learning from our past. We already have our minds made up and we look for others to tell us what we want to hear with statements like "Obama is a socialist and anti business." Give me a break, Wall St and Corporate America have had it so easy for so long and now that we are going to install some "tougher" regulations they are crying how it is going to damage America. Don't be so easily fooled.

 

[n757st]

Of course today's events have a great deal of uniqueness, but much of what is happening today also happened in the 1930's. To not study and learn from history will cause us to repeat it. Furthermore, thinking that socialism will solve all our problems flies in the face of historical events.

You are onto something, though: the "experts" are clearly incompetent.

Sure, look back to the 1930's, but realize that we exist in VERY different circumstances. The great depression was so bad because when the banks went out of business, they took everyone's money with them, no FDIC, no nothing! Oops, mom and dads local bank went out, there goes my savings is a lot different then oops mom and dad bought a house they should not have bought in the first place because they could not afford it. Real estate got too high for too long and was due for correction. People buying and selling houses in 3 month time periods with a 20% ROI every time was not sustainable... hell housing prices are out of wack still.

The stimulus might help, might not. Its not like we are the only country doing it though... most European countries are in line doing the same thing. As for Obama, hes been in office 2 months, and the market was falling before he entered as well. People do have the right to be rich, and I disagree with over taxing them, but at the same time it was time for someone to reign in on the hypocrisy that we could see in an industry like ours, where CEOs are rewarding them selves with multi million dollar bonus's when their company's are losing billions. What we need is to start owning up and realizing that we overspent, under saved, and built up an economy that very well might not have been sustainable, and now needs to correct itself. This is not all doom and gloom though, the economy will be back, more then likely sooner rather then later. It will be sparked when the slippery slope of "I can't spend because I am worried about my job" becomes "well my job seems safe and hot damn that boat is pretty freckin cheap."

 

[Lynxman]

It will be sparked when the slippery slope of "I can't spend because I am worried about my job" becomes "well my job seems safe and hot damn that boat is pretty freckin cheap."

Exactly just replace boat with car, home, or bike!

 

[JustaNumber]

Wall St and Corporate America have had it so easy for so long and now that we are going to install some "tougher" regulations they are crying how it is going to damage America. Don't be so easily fooled.

I predict the economy gets much worse for much longer than most people are predicting, primarily due to lack of hope for the future (how ironic). How long does the economy have to keep plummeting before you start to agree with me that perhaps higher taxes and demagoguery are contributing to the damage?

Of course, FDR won a third term after 8 consecutive years of double-digit unemployment. Some people can never be convinced that perhaps a certain policy isn't working!

 

[ttflyer]

Sorry Justa I have to disagree, in no way is Obama anti business or prosperity

This might be a bit over your head, but have a go at it. See if you can pick up the main points anyway...

http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=amhpOT5rlR1Y

 

[epic!]

How long do you think it will be before Airlines begin hiring pilots again? Years, decades, or more furloughes to come?

Well it seems this has turned into another political debate. But to answer your questions, it seems hiring wont resume on a large scale (like we saw late 07) until the economy takes a climb, which wont be for a few more years. Thats the unfortunate truth, but it will turn around.

 

[satpak77]

airlines, such as UAL, AMR, etc, will not hire till the Age 65 guys are gone, bye bye, off the books, AND the economy recovers to a point that they will expand fleets (= more pilots) and grow some.

Time frame? My opinion - 10 yrs till the days of 500 pilots a year or more being hired