The economy and airline business

[paid4training]

With the downgrade of the US credit rating, I believe the economy will double dip which will lead to a reduction in hiring or even a freeze.

 

[cbrown1]

With the downgrade of the US credit rating, I believe the economy will double dip which will lead to a reduction in hiring or even a freeze.

Yeah, just in time for when th he so-called pilot shortage was going to happen.

 

[Thebadcat1313]

With the downgrade of the US credit rating, I believe the economy will double dip which will lead to a reduction in hiring or even a freeze.

You sure about that? Oil prices are falling faster than the presidents approval rating.

 

[BoilerUP]

Doesn't matter if Jet-A is $1/gal...if there's decreased demand for seats because individuals & businesses aren't spending on travel due to economic recession and/or uncertainty, then airlines will correspondingly decrease capacity, resulting in a decrease in available flying jobs.

It ain't really rocket science...

 

[bri5150]

Doesn't matter if Jet-A is $1/gal...if there's decreased demand for seats because individuals & businesses aren't spending on travel due to economic recession and/or uncertainty, then airlines will correspondingly decrease capacity, resulting in a decrease in available flying jobs.

It ain't really rocket science...

Yes and no. It costs money to park airplanes too. At some point, gas could be cheap enough to make flying more empty seats acceptable.

 

[BoilerUP]

Yes and no. It costs money to park airplanes too. At some point, gas could be cheap enough to make flying more empty seats acceptable.

Yup - and you can bet the CFO knows exactly what point it is cheaper to pay debt service/lease on a plane while it sits in short-term storage vs. flying it at 50% load factors.

If we go into Great Recession II, I wouldn't bet my job on fuel prices dropping low enough that airlines are willing to subsidize half-full airplanes as the norm, rather than the exception.

 

[Clutch]

Be sure to vote for Obama in 2012. He's pro union!

 

[LearLove]

Airlines: first to go - last to recover.

 

[bri5150]

Yup - and you can bet the CFO knows exactly what point it is cheaper to pay debt service/lease on a plane while it sits in short-term storage vs. flying it at 50% load factors.

If we go into Great Recession II, I wouldn't bet my job on fuel prices dropping low enough that airlines are willing to subsidize half-full airplanes as the norm, rather than the exception.

Do you have any other choice than to bet your job?

 

[Godfather]

Not you again...

Be sure to vote for Obama in 2012. He's pro union!

Here we go again in 3...2...1...

 

[CX880]

Be sure to vote for Obama in 2012. He's pro union!

He can't be pro union all he's doing is hurting the middle class and keeping the welfare cases sucking on the gov tit to secure more votes.

 

[Clutch]

Yeah. No duh, mo-rons.

 

[pilotyip]

Yeah, just in time for when th he so-called pilot shortage was going to happen.

still tons of retirements coming up, the 2012 hiring boom will still happen, maybe just not a big

 

[BrickTop]

Still buying stock in all that RETIREMENT malarkey? I see Its earning you about as much interest as the current Market

 

[bri5150]

Still buying stock in all that RETIREMENT malarkey? I see Its earning you about as much interest as the current Market

So people won't have to retire at age 65? The only way airlines won't be hiring in the coming years is if they shrink capacity along with their retirements (which is a possibility of course). How is that open to interpretation?

 

[ohplease!]

So people won't have to retire at age 65? The only way airlines won't be hiring in the coming years is if they shrink capacity along with their retirements (which is a possibility of course). How is that open to interpretation?

Yes they will....yes they will....sorry if you were counting on that job

 

[Always deferred]

Sorry but have to agree w/ ohplease. The coming double dip is the perfect excuse to reduce capacity and other bad things.

And this doesn't even factor in the likely possibility of the dollar disappearing as the reserve currency.

 

[ohplease!]

Don't get me wrong, I hope anyone that wants to go to mainline gets the opportunity and you may someday. I've been hearing this pilot shortage silliness since the 80's and it hasn't happened yet. Something ALWAYS comes along to negate any huge need for mainline hiring.

Mainline will always need to hire but, don't put all your hopes on some massive hiring spree.

 

[bri5150]

So capacity is just about right right now. I have heard nightmares about non-reving anywhere at this point. So, if things slow down and they cut capacity along with retirements, what happens when the pax comes back in 3 years? Are they not going to increase capacity to add revenue? I get everyone's scepticism, but the majors are going to have to hire at some point unless there is some type of permanent reason people don't fly anymore (maybe high speed rail, but I doubt it).

 

[ohplease!]

I would guess larger airframes/less frequency....major and regional