TSA Numbers
12-24-2020, 04:47 PM
#1771
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,107
While the passenger numbers are great to see,I would caution against a ton of rose colored glasses yet. Planes full of $50 one way fares isn’t going to lead to an industry recovery anytime soon.
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12-24-2020, 04:53 PM
#1772
Perennial Reserve
Joined APC: Jan 2018
Posts: 12,240
Nobody is buying any rose-colored glasses yet, but if we can keep cash burn down while avoiding furloughs, hangar queens, and non-current pilots it’s certainly a step in the right direction.
12-24-2020, 06:54 PM
#1773
Gets Weekends Off
Joined APC: May 2013
Position: No Hats No Jackets No PAX
Posts: 1,580
Gotcha, was attempting to be a little positive for y’all or whomever. True numbers don’t lie and it will be slow and even more so internationally it’s dead out there. Trust me, our company is taking advantage of those penny airfares moving us around here and overseas and no one should ever have rose colored glasses in this industry. Even for us box movers as everything is cyclic and all areas involve risk and some have more risk more than others. This industry is solid as Duplo Blocks.
12-24-2020, 10:05 PM
#1774
Gets Weekends Off
Joined APC: Mar 2011
Position: Bizjet Captain
Posts: 252
12-25-2020, 06:36 AM
#1776
Gets Weekends Off
Joined APC: Nov 2016
Posts: 303
12-25-2020, 07:17 AM
#1777
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,382
Airlines don't want to file BK, that's more dangerous for managers than it was 15 years ago.
Airlines cannot unload airframes in this market outside of BK.
Since they're stuck with the capacity, they might as well fly the planes to retain (or even gain) market share so as to be positioned for the longer-term... as long as they're not bleeding vast amounts of cash in the process.
They can do cheap fares to hold market share as long as they're close to break-even. Shareholders and BoD's don't have unrealistic expectations (like profitability) right now.
If they're flying, we have jobs. This formula should work for a year or two until the dust settles one way or another.
12-25-2020, 07:23 AM
#1778
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,382
In normal times most pax don't actually WANT to fly on Xmas day, they get forced to that due to availability (procrastinated), or price.
This year, there's more than enough affordable capacity before or after the actual holidays. I'd expect Dec 25 and Dec 31/Jan 1 to be lower than surrounding days.
12-25-2020, 07:31 AM
#1779
Gets Weekends Off
Joined APC: Apr 2020
Posts: 120
Good point. It’s pretty sobering how much cash they’re losing in addition to basically giving away seats so they still have customers. It will all depend on how summer 2021 goes. That will be the best time to see how well airlines can recover. If summer doesn’t go well, I’m sure there will be bankruptcies and mergers.
12-25-2020, 07:57 AM
#1780
Gets Weekends Off
Joined APC: Aug 2020
Posts: 2,342
Good point. It’s pretty sobering how much cash they’re losing in addition to basically giving away seats so they still have customers. It will all depend on how summer 2021 goes. That will be the best time to see how well airlines can recover. If summer doesn’t go well, I’m sure there will be bankruptcies and mergers.
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